consortium

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Consortium

A group of companies that cooperate and share resources in order to achieve a common objective.

Consortium

A group of independent companies participating in a joint venture for mutual benefit. Companies in a consortium cooperate with one another, often sharing technology as needed. A consortium allows the companies to conduct operations that they would not be able to do individually. It is important to note, however, that a consortium is not a merger and the companies remain independent.

consortium

A group of organizations that participate in a joint venture. Airbus Industrie, a European airplane manufacturer, is a consortium of four public and private corporations in Britain, France, Spain, and Germany.

consortium

a group of independent companies or financial institutions which agree to work together jointly on some undertaking, for example the construction of an electricity power plant or the provision of a range of financial services, each contributing some particular resource input or expertise. In recent years, many TAKEOVERS of companies have been arranged on a consortium basis, with a view to breaking up the target company and sharing out its assets between the individual participants in the consortium. See CONTRACTOR.

consortium

a temporary grouping of independent firms, organizations and governments brought together to pool their resources and skills in order to undertake a particular project such as a major construction programme or the building of an aircraft, or to combine their buying power in bulk-buying factor inputs.
References in periodicals archive ?
The four consortia, created by the Welsh Government and launched in 2012, operate on hundreds of millions of pounds which come to them via Welsh Government through the Pupils Development Grant, and other grants, and the 22 local education authorities they assist, the NEU said.
Formulation of consortia for effective dye degradation
The first six chapters introduce readers to consortia and their main functions.
"The governance of regional consortia is developing but we found progress was hindered by limited capacity, incomplete management structures, inadequate scrutiny of overall consortia arrangements, weaknesses in financial and performance management and insufficient openness and transparency."
Consortia are doing a lot of ebooks explorations, and we have three articles focusing on the topic.
So far there has not been much empirical work on the role of standards consortia in the evolution of ICT standardization.
Wales Co-operative Centre Chief Executive, Derek Walker, welcomed the publication, and said: "There is no doubt that businesses that work together can grow together and the co-operative consortia model can help Welsh businesses achieve this."
"The initial enthusiasm is being maintained and considerable progress has been made in developing the GP consortia," said Miss Dumma.
The companies and consortia now in the race for the Rs120 billion (Dh9.6 billion) project include Transstroy-OJSC Transstroy (Russia)-CR18G (China)-BEML consortium; Reliance Infra-Reliance Infocomm consortium of Anil Ambani, Lanco Infra-OHL Concesiones (Spain) consortium; Essar-Leighton (Australia)-Gayatri-VNR consortium; GMR Infra; GVK-Samsung (South Korea) consortium; Soma-Strabag AG (Austria) consortium and Larsen & Toubro.
The selected consortia would have to submit their financial quotations before April 9.
FROM BUYING PAPER AND FURNITURE TO DEFIBRILLATORS AND health insurance, consortia of higher ed institutions are saving up to millions of dollars annually on items bought in bulk while at the same time breeding greater, long-term relationships built on trust.