German firms embrace startups to catch up with digital world


STILL IN THE GAME: Companies such Metro, Bayer, Evonik, Merck KGaA and Deutsche Telekom are now investing in startups

DUESSELDORF, Germany: Latecomers to the digital age, big German companies have started teaming up with startups to shake up their conservative business culture and keep pace with a world increasingly dominated by nimble tech giants. 

More than half of the firms on Germany's blue-chip DAX index trace their roots back to the 19th century or earlier. The youngest corporate, SAP, was founded 43 years ago. 

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