Investors find returns in industrial conglomerates with digital divisions

London

INVESTMENT funds seeking to invest at the intersection of Europe and technology are finding rich pickings in places that some may find surprising: sprawling industrials such as trains-to-turbines Siemens and engineering group ABB.

Building on their traditional expertise in factory automation, the conglomerates' digital divisions are adding cutting edge software and systems that help customers design, build and test their products faster and more cheaply.