The legal actions between Cervélo of Canada and Canyon of Germany over the Maximus Seat Tube patent were settled after a "constructive dialogue between both parties," said a joint statement.
They both "acknowledge the other party’s intellectual property and the resulting protective rights."
Canyon had filed a lawsuit regarding the violation of the Maximus Seat Tube patent, which was granted by the Higher Regional Court in Düsseldorf. 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; corresponding patents have been granted in the USA and China.
With the legal actions now settled, Cervélo will to manufacture its frames as per before. In return, Canyon gets the right to use certain patents of Cervélo. Confidentiality was agreed upon by both parties regarding the fine details of the arrangement.
Gerard Vroomen, co-founder of Cervélo, was satisfied with the result: “We’re happy this matter is resolved. That’s good news for both companies and for consumers.”
Roman Arnold, chief executive of Canyon, said: “After the long lasting lawsuit both sides can once again concentrate on what they can do best: build high class, innovative and trendsetting bicycles.”