Daimler and Nokia sign patent licensing agreement
02-06-2021 00:07:00 | by: Pascaline Icyizere | hits: 1954 | Tags:

Daimler and Nokia announced that they have signed a patent licensing agreement.

Under the agreement, Nokia licenses mobile telecommunications technology to Daimler and receives payment in return. 

Daimler AG is one of the world's most successful automotive companies. With its Mercedes-Benz Cars & Vans, Daimler Trucks & Buses and Daimler Mobility divisions, the Group is one of the leading global suppliers of premium and luxury cars and one of the world's largest manufacturers of commercial vehicles. Daimler Mobility offers financing, leasing, fleet management, investments and insurance brokerage, as well as innovative mobility services. The company's focus therefore remains on innovative and green technologies as well as on safe and superior vehicles that both captivate and inspire. 

Nokia As a trusted partner for critical networks, is committed to innovation and technology leadership across mobile, fixed and cloud networks. They create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. Adhering to the highest standards of integrity and security, they also help build the capabilities needed for a more productive, sustainable and inclusive world.

The parties have agreed to settle all pending litigation between Daimler and Nokia, including the complaint by Daimler against Nokia to the European Commission. The terms of the agreement remain confidential as agreed between the parties.