
FILE PHOTO: Robots are seen inside the Ocado warehouse in Erith, London, Britain, October 13, 2021. Picture taken October 13, 2021. REUTERS/Paul Childs/File Photo
(Reuters) - Norwegian robotics firm AutoStore will pay 200 million pounds ($257.1 million) to British online supermarket group Ocado as part of a deal between the warehouse tech pioneers to settle all outstanding patent litigation claims, they said on Saturday.
Both AutoStore and Ocado license their technology to retailers all over the world and the companies had engaged in numerous legal battles in different countries to defend their intellectual property.
Already a subscriber? Log in
Subscribe now and stand a chance to win prizes worth over RM40,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.