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CNH Industrial set to buy Dolphin N2

by Kyle Molyneux  |  Thu 19 Dec 2019

CNH Industrial set to buy Dolphin N2

CNH Industrial will acquire Ricardo spin-out Dolphin N2. The agreement marks the completion of development and commercial exploitation of an innovative internal combustion engine concept by Ricardo. When the sale is complete, Dolphin N2 will form part of FPT Industrial, the global powertrain brand of CNH Industrial. Crucially, CNH’s acquisition of Dolphin N2 could give the company access to Ricardo’s CryoPower technology, which uses liquid nitrogen as a near zero emissions fuel. CNH Industrial recently showed off an loader concept with Iveco gas-powered engine (main image).

“The agreement to sell the business and IP of Dolphin N2 to CNH Industrial marks the completion of a journey of value creation arising from the advanced research and development efforts of Ricardo,” commented Ricardo plc chief strategy officer Mark Garrett. “The technology developed and vested in Dolphin N2 will now be developed and commercially exploited by FPT Industrial, while Ricardo will continue to apply the know-how arising from its research in advanced combustion concepts into other areas.”

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