By Christian Moess Laursen
Ocado Group said Monday that it has reached an agreement to settle all litigation with Norwegian peer AutoStore over e-commerce patent claims.
The online grocer and retail-technology specialist said AutoStore will pay Ocado 200 million pounds ($257.1 million) in 24 monthly installments starting this month.
The settlement includes a cross-licence of certain patents between the two companies, whereby they both have freedom to access and use technology covered by each other’s pre-2020 patents.
The agreement gives access to part of each company’s patent portfolio for both of them to use or develop their own products, Ocado said.
The settlement ends a three-year row that started in 2020, when AutoStore filed a claim for patent infringement against Ocado regarding e-commerce tech.
Write to Christian Moess Laursen at christian.moess@wsj.com