Acquisition

Acquisition refers to the act of obtaining or gaining possession, control, or ownership of something. It is often used in business contexts to describe the purchase of another company or its assets, but it can also refer to the processes of acquiring knowledge, skills, or resources in various fields. The term encapsulates the idea of increasing value through a deliberate decision to acquire rather than to create or develop something from scratch.

Acquisition meaning with examples

• The tech firm’s recent Acquisition of a startup specializing in AI technology has positioned it competitively within the market. This strategic Acquisition not only enhances their product line but also provides access to a rich pool of talent. By integrating the startup's innovative solutions, the firm is poised to deliver more to its customers and stay ahead of industry trends, reaffirming the importance of acquisitions in maintaining technological relevance.
• A significant Acquisition took place when the pharmaceutical giant purchased a smaller biotech company. This move aimed to bolster its research capabilities and speed up the development of new drugs. The Acquisition was seen as a way to tap into cutting-edge research that the smaller company had pioneered, showcasing how acquisitions can facilitate faster growth and innovation within the highly competitive pharmaceutical industry.
• In academia, the Acquisition of knowledge often occurs through rigorous study and research. Students engage in the process of acquiring information not only from textbooks but also through practical experiences and experiments. This form of Acquisition is crucial for personal and professional development, illustrating that Acquisition is not limited to material goods but also encompasses intellectual and experiential growth.
• During the 2020 fiscal year, the company reported its largest Acquisition yet, purchasing an innovative software firm to enhance its existing services. The decision was met with excitement from both employees and investors, as they anticipated improved product offerings and increased market share. This Acquisition reflects the company's long-term strategy of expansion and adaptation in a rapidly evolving digital landscape, emphasizing the significance of acquisitions in business growth.