consortium(redirected from consortiums)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
Related to consortiums: consortia
A group of companies that cooperate and share resources in order to achieve a common objective.
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.
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.