Westinghouse

Definition

Westinghouse Electric Corporation is an American manufacturing company that has historically been a significant player in the electrical industry, known for its innovation and contributions to the development of electrical infrastructure. In the context of mergers and acquisitions, it exemplifies how companies can expand globally through strategic partnerships, acquisitions, and diversification of their business portfolios.

Related terms

Merger:

A merger involves two companies combining to form one entity, often to enhance competitive advantages and expand market reach.

Acquisition:

This is when one company purchases another company to incorporate its operations, assets, and products into its portfolio.

Globalization:

The process by which businesses or other organizations develop international influence or start operating on an international scale, often through economic integration, trade agreements, and foreign investment strategies