Baldwin, technotrans end patent dispute

Baldwin Technology Co. Inc. said its German unit settled its nine-year patent dispute with technotrans.
Under terms of the agreement, technotrans will pay $9.6 million in compensation to Baldwin. In return, Baldwin will end legal proceedings that began in 2000 when it sued techotrans in Germany, alleging that technotrans’ design of a cooling system infringed on a Baldwin patent.
In a press release issued by Baldwin, the firm said that the boards of each company “reached the conclusion that this solution is in the best interests of both companies.”