Caterpillar Inc.
(NYSE:CAT) stock rose in Thursday's premarket trading after the company expanded its mining technology portfolio with the acquisition of Skycatch Inc.
Caterpillar Acquires Skycatch To Expand AI-Powered Mining Technology On Monday, Caterpillar announced it has acquired Skycatch, a mining technology company specializing in spatial data capture, processing and AI-powered analysis.
Financial terms were not disclosed.
The acquisition follows Caterpillar's recent purchase of RPMGlobal and strengthens its portfolio of mining technology solutions.
