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 email@example.com; @_cristinaroca
(END) Dow Jones Newswires
December 19, 2019 08:31 ET (13:31 GMT)Copyright (c) 2019 Dow Jones & Company, Inc.