definition
strict definition
group of companies
A corporate union or association of multiple companies which retain their separate identities.
A group of companies is any set of companies which form a corporate union without actually merging. It is distinguished from a consortium, which is a group of companies cooperating momentarily on some particular project.
The constituent companies remain separate identities within a corporate association. Their union does not itself mean that they have merged into a single company.
A consortium brings firms together for a particular building or project. The corporate union of a company group is distinct from that project-specific cooperation.
Related definitions
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branch
A national, regional, or local office subordinate to a company's home office, excluding an independent subsidiary. -
brand
A registered trademark used by a company to establish product identity among consumers. -
consortium
A named partnership of two or more firms working together on a particular building or project. -
division
A sub-organization within a company acting as an individual firm in relation to a structure or complex. -
fund
A collective investment scheme which spreads ownership among several investors. -
headquarters
The main or only office of a company, ranging from a single-office firm to a worldwide headquarters. -
individual
A single person acting in the role of a company with respect to a structure or complex.