CNH Industrial’s power unit, FPT Industrial, will acquire 100 percent of Dolphin N2.
According to a news release announcing the move, Dolphin N2 has an “innovative internal combustion engine technology.”
“With this acquisition, FPT Industrial aims to advance this expertise, substantially increasing fuel efficiency while reducing operating costs and CO2 emissions,” the company said. Initial applications will be in long-haul trucks and other heavy-duty applications. The technology will also be suitable for all fuels, with ad hoc configuration for liquid fuel and gas applications.
“The powertrain industry increasingly needs evolution in terms of efficiency and respect to the environment, and this agreement will enable us to provide ultra-efficient and ultra-low emissions solutions, in the beginning focused on heavy-duty application,” said FPT CEO Annalisa Stupenengo in a prepared statement. “The co-joined development of this disruptive technology, to join soon our portfolio, will lead a faster shift from the concept to a commercial level. This acquisition complements our alternative propulsion investments, which are part both of our mission as a sustainable solution provider and of our goal to be a full-line player with the most advanced technologies in all industrial fields.”
Said Simon Brewster, CEO of Dolphin N2, in a statement:
“FPT Industrial is the ideal partner to take our proven and patented technology to the next level, delivering to the market advanced solutions, which we are sure will revolutionize the industrial propulsion world.”
Source: https://www.constructionequipment.com/