A Reuters report says that construction and machinery equipment manufacturer Caterpillar is moving its headquarters from Chicago, IL to Dallas, TX

“Caterpillar Inc (CAT.N) said on Tuesday it would move its global headquarters to a Dallas suburb from the construction equipment maker’s century-long home in Illinois.

Caterpillar did not say why it was moving the headquarters to Irving, Texas, from Deerfield, Illinois, a Chicago suburb. It said in an emailed statement it did not seek or receive incentives for the relocation.The company is the latest big manufacturer to exit Illinois. Last month, aerospace giant Boeing (BA.N) announced it would move its corporate headquarters from Chicago to Arlington, Virginia.”

“A company spokesperson for Caterpillar said most of its 230 employees based in Deerfield will move to the new headquarters over time. Caterpillar will maintain its presence in Illinois, where it has more than 17,000 employees, the spokesperson said.”