# 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.

- Type: Acquisition
- Announced: 2021-12-14
- Where: Rainbach im Mühlkreis, Austria
- Status: announced
- Products: electric battery modules, battery packs, charging infrastructure
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Deere & Company](https://endata.com/companies/21933.md) (acquirer)
- [Kreisel Electric GmbH & Co KG](https://endata.com/companies/59687.md) (target)
- [Kreisel Electric](https://endata.com/companies/59770.md) (target)

## Sources

- [kreiselelectric.com](https://www.kreiselelectric.com/de/news/john-deere-erwirbt-mehrheitsbeteiligung-an-kreisel-electric/), 2021-12-14: "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."
- [readmagazine.com](https://readmagazine.com/industries/automotive/john-deere-to-acquire-majority-ownership-in-kreisel-electric/), 2021-12-16: "Kreisel's battery technology can be applied across the broad portfolio of Deere products."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.