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New Deal


Announced

Completed

John Deere to acquire a majority stake in Kreisel Electric.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Cross Border

Acquisition

Private

Friendly

Austria

Renewable Energy Equipment

battery storage

Completed

Synopsis

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John Deere, a manufacturer of agricultural equipment, agreed to acquire a majority stake in Kreisel Electric, a designer and manufacturer of battery storage devices. Financial terms were not disclosed. 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.

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