John Deere joins Kreisel Electric

John Deere joins Kreisel Electric-kreisel

Deere & Company, known to most by the brand name John Deere, has signed a definitive agreement to acquire a majority stake in Kreisel Electric, a battery technology provider based in Rainbach im Muhlkreis, Austria. Kreisel develops electric battery modules and packs with high energy density and durability. In addition, Kreisel has developed a charging infrastructure platform (CHIMERO) that uses this patented battery technology.

Since 2014, Kreisel has been recognized as a leading innovator focused on the development of liquid-cooled electric battery modules and packs for high-performance and off-highway applications. The company has a differentiated offering in battery technology and battery backed charging infrastructure and currently serves a global customer base in diverse end markets including commercial vehicles, off-highway vehicles, marine, e-motorsports and other high performance applications.

John Deere is currently preparing for an increasing demand for batteries as a battery electric or hybrid propulsion system for various vehicles. Products from the Deere portfolio such as lawn mowers, compact municipal tractors, small tractors, compact construction equipment and some road construction equipment could rely exclusively on batteries as their primary energy source. Deere intends to continue to invest in the centers of technologies and develop them in order to create innovation, to offer the customers worthy of value and work on a future with emission-free drive systems.

The majority stake in gyro ELECTRIC enables deere the optimal integration of vehicle and drive train designs based on high-density battery packets and the use of the charging technology from gyros to build the infrastructure required for customer acceptance, so roundabouts in a recent communication. “The battery technology from gyro can be used in the entire product range of Deere, and the market experience of roundabouts will benefit deere when expanding our portfolio of battery electric vehicles. Deere will provide the expertise, global footprint and funding to enable Kreisel to continue its rapid growth in core markets,” said Pierre Guyot, senior vice president, John Deere Power Systems. “This is an opportunity to invest in a company with unique technology designed for the demanding conditions in which Deere customers work.”

In addition, building an electrified portfolio is “central” to John Deere’s sustainability goal of developing new technologies that reduce the environmental impact of new products and working towards zero-emission drive systems for machines, while increasing efficiency and productivity for the benefit of customers should be, so Guyot.

Kreisel Electric will retain its people, brand name and trademark and will continue to operate from its current location in Austria to serve its growing customer base. The company was founded by the brothers Johann, Markus and Philipp Kreisel and has around 160 full-time employees. In a joint statement, Johann, Markus and Philipp Kreisel said the Kreisel team is looking forward to growing its core business, leveraging the Deere sales channel to accelerate the adoption of battery electric vehicles and charging stations, and working with Deere‘s vehicle development teams to work on product improvements.

The transaction is subject to final official approval in Austria and is expected to be completed in just over two months. Financial details, Kreisel said, will not be disclosed.

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3 thoughts on “John Deere joins Kreisel Electric”

  1. Very interesting, I didn’t expect that. I felt that this segment of vehicles would take much longer to electrify.

    On the other hand, I live in a community with a lot of wine growing. A big thing here are covered wagon rides through the vineyards incl. wine tasting. The covered wagons are pulled by tractors at walking pace. Right from the start I wondered how pleasant it must be to sit in the exhaust fumes of a tractor for at least an hour straight.

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  2. In agriculture, forestry and construction, as well as in private households and in the trades, there are still plenty of opportunities for inexpensive battery-electric drives to replace the old stinkers and noisemakers.

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  3. I’m also surprised that a big player is obviously buying in know-how and with Kreisel he’s definitely at a very capable address. It can definitely make sense to operate the hydraulics of modern agricultural machines with electric motors. The hydraulic pump has a “relatively” efficient efficiency, so that instead of 20 liters of diesel per hour, which is only converted into motion with 20% efficiency, a battery with 100 kWh would be better possible. In addition, a mobile charging station on a trailer with a replacement battery and you can be on the road almost non-stop except for short breaks in work. It still sounds very futuristic, but agriculture will also have to move away from diesel at some point.

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