Meaning of “diversify” - Learner’s Dictionary

diversify

verb [ I, T ] uk us /daɪˈvɜːsɪfaɪ/

If a business diversifies, it starts making new products or offering new services:

Many designers are diversifying into casual wear.
diversification uk us /daɪˌvɜːsɪfɪˈkeɪʃən/ noun [ U ]

(Definition of “diversify” from the Cambridge Learner’s Dictionary © Cambridge University Press)