CNH Industrial's FPT Acquires UK Startup
December 19 2019 - 7:46AM
Dow Jones News
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 Sep 2024 to Oct 2024
Ricardo (LSE:RCDO)
Historical Stock Chart
From Oct 2023 to Oct 2024