Turning a century-old electrical products manufacturer into something that looks more like a software and services company, without spoiling the value of its hard-won product position, is no small undertaking. But that’s the direction Schneider Electric intends to grow. At a meeting of editors last week at the United Center in Chicago, near Schneider Electric’s U.S. headquarters in Palatine, Ill., the company sketched out plans for a radical rethinking of its role in the electrical market, ...

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