Meaning of “horizontal integration” in the English Dictionary

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"horizontal integration" in Business English

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horizontal integrationnoun [ U ]

uk us

ECONOMICS a situation in which a company buys another company that has the same activities:

The most significant change for global corporations has been the move to horizontal integration during the later 20th and early 21st centuries.

(Definition of “horizontal integration” from the Cambridge Business English Dictionary © Cambridge University Press)