Caterpillar to move global headquarters from Deerfield to Irving, Texas

Caterpillar Inc. will move its global headquarters from Deerfield to an existing office in Irving, Texas, the company announced Tuesday.

“We believe it’s in the best strategic interest of the company to make this move, which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world,” Caterpillar Chairman and CEO Jim Umpleby said in a statement.

The company will begin transitioning its headquarters in 2022.

The announcement comes more than five years after the mining and construction equipment manufacturer said it would move its headquarters from Peoria to Deerfield.

More to come.