Article: Come Together.(acquisitions and partnerships among machine tool companies)(Brief Article)

Machine tool companies are buying one another. Machine tool companies are partnering with one another. This activity may seem unsettling . . . as if the number of players in the industry is in decline. However, the more important consideration is the potential of this consolidation and partnering to augment the productive capacity of shops. Viewed in this light, what we are seeing today represents a natural development from the very premise on which the machine tool industry was founded. This trend of consolidation is one we should have seen coming, oh, 100 or so years ago.

Information technology at least partly explains why this coming together seems to have ...

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