Acquire
To acquire means to gain ownership or control of a company, asset, or business operation through a purchase or merger. In the business world, acquisitions are common strategies for companies looking to expand their operations, enter new markets, or gain competitive advantages. When a company acquires another, it may purchase the target company’s assets, shares, or entire business operations, integrating them into its own.
Example
If Company A buys all the shares of Company B, it acquires full ownership and control of Company B’s operations and assets.
Key points
• Refers to gaining ownership or control of another company or asset.
• Commonly used as a strategy for expansion and gaining competitive advantages.
• Can be done through purchasing shares, assets, or entire business operations.