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Siemens ups research spending to keep innovative edge By Georgina...

2015-12-08 21:52:18| Industrial Machines - Topix.net

German industrial group Siemens is to raise research spending and expand activities with start-ups to help to keep its innovative edge as industry rapidly turns digital. The trains-to-turbines group said it would raise research and development spending by 7 percent this year to 4.8 billion euros , with the bulk of this flowing to its major strengths of automation, digitization and energy systems.

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