John Deere acquires majority stake in Kreisel Electric

Deere & Company signed a definitive agreement to acquire a majority stake in Kreisel Electric, an Austrian battery technology provider. The deal includes battery modules, packs and charging infrastructure.

“The battery technology of Kreisel can be used across Deere's product portfolio, and Kreisel's market experience will benefit Deere in expanding our portfolio of battery-electric vehicles.”kreiselelectric.com

• 2 sources
• kreiselelectric.comJohn Deere erwirbt Mehrheitsbeteiligung an KREISEL Electric - Kreisel Electric GmbHSandra FragnerDec 14, 2021
• readmagazine.comJohn Deere to Acquire Majority Ownership in Kreisel ElectricPR NewswireDec 16, 2021

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