Deere to acquire majority of Austrian battery company

Chad Elmore Managing Editor, Power Progress

15 December 2021

Kreisel Electric produces battery technology for e-mobility and stationary systems.

Deere & Company has signed a definitive agreement to acquire majority ownership in Kreisel Electric, Inc., a battery technology provider based in Rainbach im Mühlkreis, Austria. 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…

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