By Grace Yoon
Caterpillar said it acquired Skycatch, a provider of spatial data capture, processing and analysis solutions for the mining industry, as it moves to expand its mining technology capabilities.
Caterpillar, a construction equipment manufacturer, said the purchase expands its portfolio of data-driven mining technology solutions.
Skycatch technology captures high-frequency, high-precision and large-scale spatial data and pairs it with AI capabilities that help it deliver improved operational performance, Caterpillar said.
Denise Johnson, Caterpillar Resource Industries group president, said the integration of high-resolution spatial data would improve mine site performance by enhancing safety, productivity and predictability across operations.
In February, Caterpillar acquired RPMGlobal Holdings Limited, an Australian-based software company that specializes in mining software solutions.
Terms of the Skycatch transaction weren't disclosed.
Write to Grace Yoon at grace.yoon@wsj.com