UNDER ATTACK: International Business Machines Corp is concerned about a possible attack by prominent activist hedge funds, and is working with two investment banks to formulate a defence plan, according to the people, who declined to be identified.
FRANKFURT: IBM will make Munich the global headquarters for its push to build out the industrial Internet, capitalising on a critical mass of automotive, electronics, healthcare, insurance and manufacturing companies centred in southern Germany.
IBM said that it will employ 1,000 staff to work with customers on industrial Internet projects in the Bavarian capital and is opening up eight satellite centres worldwide to help clients create smarter network-connected services.
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