John Deere to hold majority ownership in Kreisel Electric

27 Dec 2021 CW Team

John Deere is ready to acquire majority ownership of Kreisel Electric, an Austrian-based developer of immersion-cooled, high-density battery technology.

For Deere, the deal was driven by rising demand for batteries as a sole- or hybrid-propulsion system for off-highway vehicles. The producer plans to use the technology in its lineup of compact utility tractors, compact construction equipment, turf equipment, small tractors, and some road-building equipment since it works toward a future with zero emissions propulsion systems.

Kreisel’s battery technology can be utilised across the comprehensive portfolio of Deere products, and Kreisel’s in-market experience will aid Deere as they grow their battery-electric vehicle portfolio.

Deere will render the global footprint, expertise, and funding to permit Kreisel to continue its fast development in core markets, said Pierre Guyot, senior vice president, John Deere Power Systems. It is an opportunity to fund a firm with exceptional technology that’s designed for the demanding conditions where Deere customers work.

In addition to its patented battery technology, Kreisel has designed a complementary charging infrastructure platform (CHIMERO).

Deere has been testing a battery-electric backhoe since early this year and debuted the 310 X-tier E-Power at The Utility Expo. The unit will head into Phase 2 testing next year, with Deere indicating many of the specs will change before it is available for sale. It is not known at this time if Kreisel's technology will emerge in this machine.

Kreisel Electric will keep its employees, brand name, and trademark and continue to work from its present location in Austria. The firm, established in 2014 by brothers Johann, Markus, and Philipp Kreisel, has approximately 160 full-time employees.

The deal needs final regulatory approval in Austria and is likely to close in February next year. Financial details are not being revealed.

Image Source

John Deere is ready to acquire majority ownership of Kreisel Electric, an Austrian-based developer of immersion-cooled, high-density battery technology. For Deere, the deal was driven by rising demand for batteries as a sole- or hybrid-propulsion system for off-highway vehicles. The producer plans to use the technology in its lineup of compact utility tractors, compact construction equipment, turf equipment, small tractors, and some road-building equipment since it works toward a future with zero emissions propulsion systems. Kreisel’s battery technology can be utilised across the comprehensive portfolio of Deere products, and Kreisel’s in-market experience will aid Deere as they grow their battery-electric vehicle portfolio. Deere will render the global footprint, expertise, and funding to permit Kreisel to continue its fast development in core markets, said Pierre Guyot, senior vice president, John Deere Power Systems. It is an opportunity to fund a firm with exceptional technology that’s designed for the demanding conditions where Deere customers work. In addition to its patented battery technology, Kreisel has designed a complementary charging infrastructure platform (CHIMERO). Deere has been testing a battery-electric backhoe since early this year and debuted the 310 X-tier E-Power at The Utility Expo. The unit will head into Phase 2 testing next year, with Deere indicating many of the specs will change before it is available for sale. It is not known at this time if Kreisel's technology will emerge in this machine. Kreisel Electric will keep its employees, brand name, and trademark and continue to work from its present location in Austria. The firm, established in 2014 by brothers Johann, Markus, and Philipp Kreisel, has approximately 160 full-time employees. The deal needs final regulatory approval in Austria and is likely to close in February next year. Financial details are not being revealed. Image Source

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..