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Construction equipment giant Caterpillar is moving its global headquarters from Illinois to Texas, the company announced Tuesday (June 14).
It was not made immediately clear why Caterpillar — the world's largest construction equipment manufacturer — decided to make the move to the Lone Star State, according to Reuters. The company said it didn't seek or receive incentives for relocation.
Most of Caterpillar's 230 Illinois-based employees will transition to Irving, Texas, over time. The company also said it plans to maintain its presence in Illinois, however, where over 17,000 employees work.
In a tweet, Governor Greg Abbott said Texas "is a perfect fit for this international brand."
"Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial turbines and diesel-electric locomotives," according to Caterpillar's website.