Deere & Company has signed a definitive agreement to acquire majority ownership in Kreisel Electric Inc., a battery technology provider based in Rainbach im Mühlkreis, Austria. Kreisel develops high-density, high-durability electric battery modules and packs. Additionally, Kreisel has developed a charging infrastructure platform (CHIMERO) that utilizes this patented battery technology.
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Hitachi Construction Machinery Dissolves Joint Venture with Deere
Hitachi Construction Machinery (HCM) and Deere have announced plans to dissolve their joint venture in the Americas. The dissolution will be completed Feb. 28, 2022.
Read MoreDeere Elects New Construction Division President
The Deere & Company board of directors elected John Stone to the position of president, Worldwide Construction & Forestry and Power Systems, effective July 1. In his role, Stone will be responsible for the overall management and performance of the company’s construction and forestry operations throughout the world and for the continued success of the Wirtgen organization. Stone also will have…
Read MoreDeere Produces Protective Face Shields For Health Care Workers
Deere & Co., in collaboration with the UAW, the Iowa Department of Homeland Security and the Illinois Manufacturers’ Association has joined a number of organizations and companies across the country to produce protective face shields for health care workers in response to the COVID-19 health crisis.
Read MoreTop Manufacturer News for 2019
As 2020 kicks off, the Association of Equipment Manufacturers (AEM) took a look back at some of the most notable manufacturer news headlines from the past 12 months. Deere Appoints New CEO – In August, Deere & Co. announced John May would lead the tractor-making giant through a difficult agricultural environment, with outgoing Chief Executive Officer Samuel Allen to stay in his…
Read MoreDeere Unveils Three New Loaders
John Deere unveiled three powerful and productive L-Series utility wheel loaders. The 524L, 544L and 624L offer customers an intuitive solution, ideal for projects that require agility and versatility on the job site or farm. Designed with the operator in mind, the L-Series machines incorporate several new features, including improved cabs for more comfort and visibility, electrohydraulic (EH) loader controls…
Read MoreFIRST LOOK – JULY 2017
TOP NEWS Vulcan Materials Makes Two Acquisitions Vulcan Materials Co. acquired Aggregates USA LLC, for $900 million in cash, and Petaluma, Calif.-based Shamrock Materials, a six-decade-old company and one of the largest suppliers of concrete and paving materials to San Francisco’s North Bay area. Deere Acquires Wirtgen Group Deere & Co. signed a definitive agreement to acquire the Wirtgen Group. The…
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