The deal is part of Ricardo’s new strategy to create and sell spin-out businesses to improve its return on investment in advanced research.
Once the deal completes, Dolphin N2 will become part of FPT Industrial, CNH’s powertrain brand.
Dolphin N2 specialises in new internal combustion engine technology, designed to boost the fuel efficiency of long-haul, diesel-powered trucks by up to 30% and with lower NOx and PM emissions.
Ricardo formed Dolphin N2 to take its CryoPower project to market. The project, a collaboration between Ricardo and the University of Brighton, centres on a split-cycle engine that incorporates exhaust heat recovery into the engine’s operating cycle.
Mark Garrett, Ricardo’s chief strategy officer, says: “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.
“This new business model for IP exploitation thus provides significant additional benefits for Ricardo, as well as helping to deliver new, more efficient and cleaner technologies and innovations to market in a more effective manner than would otherwise be possible.”
See the link below for more on Dolphin N2’s CryoPower project.