DEERFIELD, IL—Caterpillar Inc. recently announced it will move its global headquarters to the company’s existing office in Irving, TX, from its current location here. The company will begin transitioning its headquarters to Irving later this year.

“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,” says Jim Umpleby, chairman and CEO of Caterpillar.

With more than 107,000 employees globally, Caterpillar is the latest major company to relocate to Texas, following in the footsteps of companies like Tesla. The move comes five years after Caterpillar shifted its headquarters within Illinois from Peoria to Deerfield outside of Chicago.

Company sales and revenues in 2021 totaled $51 billion, making Caterpillar the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

The company has had a presence in Texas since the 1960s across several areas of the company. But, Illinois has the largest concentration of Caterpillar employees anywhere in the world.