Ricardo-AEA was formed on November 8, 2012, when Ricardo acquired the business, operating assets and employees engaged in the business of AEA Technology Plc (in administration) (“AEA Europe”), for a total cash consideration of £18.0 million.
Camless valve trains have long been investigated by several companies, including Renault, BMW, Fiat, Valeo, General Motors, Ricardo, Lotus Engineering, Ford, Koenigsegg, and Cargine.
An engine capable of switching between two-stroke and four-stroke cycles is the result of a collaboration between Ricardo, Denso, Jaguar Land-Rover and the Centre for Automotive Engineering at the University of Brighton.
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As well as the Shoreham head office, there are technical centres in Royal Leamington Spa, Cambridge, Chicago, Detroit, Aachen, Schwäbisch Gmünd (Germany), Prague, China, Yokohama, Korea, India, and Russia.
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