TORONTO, Ontario (BRAIN)— The legal actions between Canyon Bicycles and Cervélo regarding the Maximus Seat Tube patent was amicably settled after a constructive dialogue between both parties.
“We’re happy this matter is resolved. That’s good news for both companies and for consumers,” said Gerard Vroomen, co-founder of Cervelo.
As a result of the case being settled, Cervélo is allowed to continue manufacturing its frames in its familiar way. In return, Canyon gets the right to use certain patents of Cervélo, according to a press release. Both companies agreed upon confidentiality regarding the details of this arrangement. Both companies also declined to make any further statements.
Canyon had filed a lawsuit regarding the violation of the Maximus Seat Tube patent, which was granted by the Higher Regional Court in Düsseldorf, Germany. The European Patent Office declared the Maximus Seat Tube fully patentable, but demanded Canyon adjust its claim. It is already patented in nine European countries, while corresponding patents have been granted in the United States and China.
“After the long lasting lawsuit both sides can once again concentrate on what they can do best: build high class, innovative and trendsetting bicycles,” said Roman Arnold, chief executive of Canyon Bicycles.