# Deere & Company acquires majority stake in Kreisel Electric

Deere & Company has completed its acquisition of a majority ownership in Kreisel Electric, an Austrian battery technology company. The transaction was announced in December 2021 and finalized after regulatory approval.

- Type: Acquisition
- Announced: 2022-02-08
- Where: Rainbach im Mühlkreis, Austria, Austria
- Status: completed
- Products: immersion-cooled battery technology, electric battery modules and packs, charging infrastructure platform
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/john-deere-acquires-majority-ownership-in-kreisel-electric-301477506.html), 2022-02-08: "Deere & Company has acquired majority ownership in Kreisel Electric Inc., a leading pioneer in the development of immersion-cooled battery technology."
- [newswire.ca](https://www.newswire.ca/news-releases/john-deere-acquires-majority-ownership-in-kreisel-electric-854376098.html), 2022-02-08: "This transaction was announced in December 2021 and is now complete, following regulatory approval."

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