Amalgamation

Amalgamation is the process of combining two or more organizations or entities into a single, unified entity. Typically used in the context of companies or organizations, it involves merging assets, resources, and operations to create a new, larger entity. This process often aims to improve efficiency, increase market share, or achieve strategic goals. Unlike a takeover, where one company absorbs another, amalgamation usually results in a new organization formed from the parts of the merging entities. It fosters collaboration and can lead to stronger competitive positioning in the market.