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John Deere acquires majority ownership in Kreisel Electric

A Kreisel Electric building
Kreisel Electric's headquarters in Austria.

Deere & Company has acquired majority ownership in Kreisel Electric. The Austrian company manufactures high-density, high-durability electric battery modules and packs for high-performance and off-highway applications and has created a battery-buffered, high-powered charging infrastructure platform (CHIMERO).

This transaction was announced in December 2021 and is now complete, following regulatory approval.

Kreisel Electric is based in Rainbach im Mühlkreis, Austria. The company was founded in 2014 and has approximately 180 full-time employees. The business will retain its brand name and trademark. 

Company info

Kreiselstraße 1
4261 Rainbach im Mühlkreis,
AT,

Website:
kreiselelectric.com

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One John Deere Place
Moline, IL
US, 61265

Website:
deere.com

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