Investment Summary

Deere Invests In ClearFlame Engine Technologies

On October 28, 2021, Deere invested in automotive company ClearFlame Engine Technologies

Investment Highlights
  • This is Deere’s 1st transaction in the Automotive sector.
  • This is Deere’s 13th transaction in the United States.
  • This is Deere’s 1st transaction in Illinois.

Investment Summary
Date 2021-10-28
Target ClearFlame Engine Technologies
Sector Automotive
Investor(s) Deere
Deal Type Stake Purchase

Target

ClearFlame Engine Technologies

Geneva, Illinois, United States
ClearFlame Engine Technologies is focused on the development of clean engine technology by enabling low-carbon fuels like ethanol to be easily integrated into compression ignition engines, offering a more sustainable solution without compromising engine performance. It breaks the bond between the diesel engine and diesel fuel, accelerating the path to true emissions reduction for the heavy-duty and off-highway markets. The company's technology meets global sustainability goals using decarbonized liquid fuels available throughout the world. It also lowers costs by negating the need for complex aftertreatment technologies without compromising the practicality or performance of traditional diesel engines. ClearFlame Engine Technologies was formed in 2016 and is based in Geneva, Illnois.

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Investor(S) 1

Investor

Deere

Moline, Illinois, United States
Category Company
Founded 1837
Sector Machinery
Employees83,000
Revenue 60.2B USD (2023)
DESCRIPTION
Deere's corporate headquarters in Moline, Illinois.
Deere's corporate headquarters in Moline, Illinois.

Deere & Company is a producer of machinery and operates in three segments. The agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The construction and forestry segment primarily manufactures and distributes a broad range of machines and service parts used in construction, earthmoving, material handling, and timber harvesting. The products and services produced by the segments above are marketed primarily through independent retail dealer networks and major retail outlets. Finally, the financial services segment provides financing for new and used Deere equipment. Deere was founded in 1837 and is based in Moline, Illinois.

DEAL STATS #
Overall 20 of 22
Sector (Automotive) 1 of 1
Type (Stake Purchase) 3 of 3
State (Illinois) 1 of 1
Country (United States) 13 of 14
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 BearFlag Robotics

Newark, California, United States

BearFlag Robotics develops autonomous driving technology compatible with existing machines. BearFlag Robotics makes autonomous technology for agricultural tractors, increasing safety, reliability, and profitability on farms. BearFlag Robotics is based in Newark, California.

Buy $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Kreisel

Rainbach im Muhlkreis, Germany

Kreisel is an innovator focused on the development and manufacture of immersion-cooled electric battery modules and packs for high-performance and off-highway applications. The company has a differentiated battery technology and battery-buffered charging infrastructure offering and currently serves a global customer base across multiple end markets, including commercial vehicles, off-highway vehicles, marine, e-motorsports, and other high-performance applications. Kreisel was formed in 2014 and is based in Rainbach im Muhlkreis, Germany.

Buy -
Mergr

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