Conglomerate
Updated: 10/01/2023 by Computer Hope
Alternatively called a multi-industry company, a conglomerate is several companies in different industries that are operating all under one corporate group. Each conglomerate's subsidiary is run independently but report to the parent company. By operating in different industries, a conglomerate reduces its risk from being in a single market.
A good example of a computer-related conglomerate is Alphabet, a parent company of Google. With the Alphabet conglomerate, it has the following subsidiaries.
Alphabet subsidiaries and industries
- Calico (health care and biotechnology)
- CapitalG (private equity)
- DeepMind (AI)
- DoubleClick (Advertising)
- Google (search engine)
- Google Fiber (service provider)
- GV (venture capital)
- Jigsaw (think tank)
- Loon (telecommunication)
- Makani (wind power)
- Sidewalk Labs (urban planning)
- Verily (health care and biotechnology)
- Waymo (autonomous cars)
- Wing (drone)
- X (research and development)