consolidation
noun [ C or U ]
uk/kənˌsɒlɪˈdeɪʃən/ usthe situation in which two or more things, for example companies or organizations, are joined together:
Greater market share can be achieved in the long term through industry consolidation.
The takeovers came amid a wave of consolidation as the so-called Big Oil companies gobbled up competitors.
We have recently seen a consolidation of booksellers and distributors.
consolidation of sth and sth (into sth) the consolidation of the repair and service operations into one department
The company can offer various options for the consolidation of your outstanding debts.
the process of becoming or of making something stronger or more successful:
Efforts are being focused on the consolidation of their position as a major player in the telecoms market.
ACCOUNTING
the process of combining the accounts of a group of companies in one set of figures:
This report contains a consolidation of the group's accounts for the financial year 2011-2012.
TRANSPORT
the process of putting items together in order to send or transport them:
Consolidation can significantly reduce the cost of moving smaller volumes of goods.
See also
debt consolidation