By James Davey and Vanessa O'Connell
LONDON/NEW YORK (Reuters) - British online supermarket group Ocado was hit with a lawsuit by robotics company AutoStore on Thursday for allegedly infringing patents, prompting it to retaliate that it would investigate whether the Norwegian firm infringed Ocado patents.
Ocado - which this week became the most valuable retailer on Britain's stock market - has only a 1.7% share of Britain's grocery market. However, its state-of-the-art technology for robotically operated warehouses has spawned partnership deals with supermarket chains around the world, underpinning a stock market valuation of over 20 billion pounds ($26 billion).
AutoStore said it had filed patent infringement lawsuits in the United States and the United Kingdom. AutoStore said Ocado has been its customer since 2012.
AutoStore argues that its storage system and robots are the ...
Read More on Datafloq
No comments:
Post a Comment