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Deere to acquire majority ownership in Kreisel Electric

Christian Fernsby |
Deere signed a definitive agreement to acquire majority ownership in Kreisel Electric, a battery technology provider based in Rainbach im Mühlkreis, Austria.

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Kreisel develops high density, high durability electric battery modules and packs. Additionally, Kreisel has developed a charging infrastructure platform (CHIMERO) that utilizes this patented battery technology.

The company has a differentiated battery technology and battery buffered charging infrastructure offering and currently serves a global customer base across multiple end markets, including commercial vehicles, off highway vehicles, marine, e motorsports, and other high performance applications.

The majority investment in Kreisel Electric will allow Deere to optimally integrate vehicle and powertrain designs around high density battery packs while leveraging Kreisel's charging technology to build out infrastructure required for customer adoption.

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