Consolidation (business)

Consolidation (business) is when two or more companies join together to become one large company. The companies that join together are usually in the same type of business or industry, so that the new combined company can be bigger and have more resources and customers. The larger company will be able to offer more products and services, and have more money to spend to make their business even better. It's like when two people get married and become a larger family.