May 5, 2016 / 8:47 PM / in 2 years

Google, Honeywell agree to resolve Nest Labs patent dispute

(Reuters) - Alphabet Inc’s Google and climate control systems maker Honeywell International Inc have reached an agreement to resolve patents disputes related to Alphabet’s Nest Labs, a maker of Internet-connected thermostats.

The neon Google sign in the foyer of Google's new Canadian engineering headquarters in Kitchener-Waterloo, Ontario January 14, 2016. REUTERS/Peter Power/Files

The companies said on Thursday that they had reached a long-term patent cross-license agreement.

The statement did not disclose financial and other details of the agreement.

Reporting by Anya George Tharakan in Bengaluru; Editing by Kirti Pandey

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