We mined Caterpillar's acquisitions, investments, and partnerships to discern the company's strategic priorities.
Caterpillar — a global leader in heavy equipment for construction, mining, and other job sites — is focusing on enhancing its offerings through technological innovation.
It has backed 25+ tech startups via its venture arm, Caterpillar Ventures, since 2015. Additionally, its internal innovation team actively employs new technologies, such as autonomous heavy equipment and additive manufacturing.
Caterpillar maintains a particular focus on boosting the sustainability and connectivity of its machinery. The company has set ambitious goals to reduce operational greenhouse gas emissions and enhance the energy efficiency of its products. For instance, Caterpillar has developed hybrid and electric machines that produce fewer emissions and consume less fuel than traditional equipment.
Using CB Insights data, we uncovered the 5 most important strategic priorities highlighted by Caterpillar’s recent acquisitions, investments, and partnerships. We then categorized companies by their business relationships with Caterpillar across these areas:
- Batteries
- Energy efficiency
- Heavy equipment
- Hydrogen tech
- Industrial IoT
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