There has been speculation the INEOS deal could be worth around $8m to New Zealand Rugby.
The new partnership means the New Zealand sides will join the impressive INEOS stable of sports teams and benefit from a collaboration of ideas.
INEOS has the Mercedes-AMG Petronas F1 Team, INEOS Grenadiers cycling team; INEOS TEAM UK sailing team, and football clubs OGC Nice and FC Lausanne-Sport as part of its sport performance group.
“To partner with INEOS and be part of such a unique and diverse global sports performance group is an exciting new venture,” NZR CEO Mark Robinson said in announcing the deal on Wednesday.