Ocado to receive £200m from AutoStore in patent dispute settlement

(Sharecast News) - UK online supermarket Ocado has won a £200m settlement from Norwegian company AutoStore after a three-year legal battle over 'robot' patents.

Both AutoStore and Ocado license their warehouse technology to retailers globally which had led to legal battles over intellectual property rights.

In 2020, AutoStore tried to protect six patents that it said Ocado had breached. In a joint statement released on Saturday, the companies said they were withdrawing their actions against each other and have reached a deal in which both sides have freedom to access and use technology covered by each other's pre-2020 patents.

Reporting by Frank Prenesti for Sharecast.com

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