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

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..