German industrial conglomerate Siemens continued its evolution from hardware maker to technology provider this week, announcing the company’s intention to acquire Altair Engineering for around US$10 billion.
Industrial giants such as Siemens rose to dominance by making high-quality physical objects. Lower-cost competition and increasingly complex multistakeholder ecosystems mean this old route to success is no longer sufficient. To survive, industrial firms must move faster, deliv...
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