By Cristina Roca

CNH Industrial NV (CNHI) said Thursday that its powertrain brand FPT has agreed to buy 100% of Dolphin N2, an internal combustion engine technology startup.

The acquisition of Dolphin N2, which is a Ricardo PLC (RCDO.LN) spinout, will help FPT substantially increase fuel efficiency while reducing operating costs and CO2 emissions, it said.

Financial details weren't disclosed.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

(END) Dow Jones Newswires

December 19, 2019 08:31 ET (13:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Ricardo (LSE:RCDO)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Ricardo Charts.
Ricardo (LSE:RCDO)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Ricardo Charts.