Announced
Completed
Financials
Tags
Majority
Single Bidder
Cross Border
Acquisition
Private
Friendly
Austria
Renewable Energy Equipment
battery storage
Completed
Synopsis
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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