Caterpillar Inc. was formed in 1925 when two competitors, Holt and Best, united to create what would become one of the most innovative and successful machinery manufacturers in the world. Before their merger, Holt and Best were pioneers in transforming agriculture; Holt, for example, invented the steam tractor in 1890, which significantly improved farming efficiency. He later developed the first track-type tractor (commonly known as the “Dozer”) by replacing the rear wheels of his steam tractor with tracks he designed. This innovation, tested successfully in 1904, led to the name “Caterpillar” due to the tractor’s ability to navigate soggy soil with ease.

Today, Caterpillar Inc. boasts a diverse portfolio that spans mining, construction, energy, transportation, forestry, and more. The company produces construction equipment, mining trucks, hydraulic shovels, power generation systems, and other machinery, earning a reputation as a leader in machinery and engine production. Innovation remains at the forefront of Caterpillar’s operations, driving the development of more efficient and sustainable technologies.

Caterpillar Inc. is now a global network with manufacturing facilities, dealerships, and service centers in over 180 countries, ensuring customers have access to the support and equipment they need wherever they are located. The company is also committed to reducing greenhouse gas emissions and has set seven sustainability goals for 2030, including reducing absolute Scope 1 and 2 GHG emissions by 30%, making all new products more sustainable than the previous generation, and reducing waste by 44%.