The Strategist

Daimler and Nokia settle patent disputes


06/02/2021 - 03:42



Daimler and Nokia Corporation have reached an agreement on the use of the Finnish telecommunications company's patented technology, which means the end of numerous lawsuits between the manufacturers.



pixabay
pixabay
"Under the agreement, Nokia will license its mobile telecommunications technology to Daimler in exchange for monetary compensation. The parties have agreed to settle all pending litigation between Daimler and Nokia, including Daimler's complaint against Nokia to the European Commission," the companies said in a joint statement. Financial details of the deal were not disclosed.

In August last year, the district court in the German city of Mannheim ruled in favour of Nokia in a patent dispute with Daimler. The court concluded that the company had infringed one of Nokia's patents by embedding mobile communication systems in its cars, so it must stop the practice and pay compensation to the Finnish company.

Nokia receives €1.4bn in licence payments each year. In April, the company entered into a licensing agreement with Lenovo, the world's largest personal computer maker.

source: ft.com