Caterpillar Inc has announced it will move its global headquarters to the company’s existing office in Irving, Texas, from its current location in Deerfield, Illinois, with the transition starting this year.

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

In 2017, the company announced it would move its global headquarters to Deerfield, following a decision to move out of Peoria.

On the plans for the most recent move, Caterpillar Chairman and CEO, Jim Umpleby, said: “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.”