The settlement enables both companies to remain in the global market for these types of baking enzyme (lipases).
The parties are pleased that the cases, which had been pending since 2001, are now closed.
Danisco A/S and Novozymes A/S have agreed not to publish any details of the cases or the settlement.
Lipase is an enzyme which breaks down fats. Lipases are used in a number of industries, including the baking industry, where the enzyme gives the bread a number of desirable characteristics, for example a more stable dough, better crumb structure and increased bread volume.