Definition, Meaning & Synonyms

conglomerate

noun

/kənˈɡlɒm.ər.ət/

Definition

A conglomerate is a company that consists of various companies or businesses operating in different industries.

Examples

The global conglomerate owns stakes in both technology and healthcare sectors.
After the merger, the new conglomerate became one of the largest companies in the world.

Meaning

It refers to a business entity formed by the merger or acquisition of several companies in diverse industries to create a larger, more diversified organization.