operating unit

Operating Unit

A subsidiary that engages in business with other parties. That is, an operating unit has its own assets and liabilities and functions as if it were an independent company; the only difference is that it is owned by another company. An operating unit is useful for the profit it can produce. It contrasts with a nonoperating unit.

operating unit

A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon Capital Cities/ABC became an operating unit of Disney. A decade earlier Capital Cities had acquired ABC. Compare nonoperating unit.

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References in periodicals archive ?

LONDON (Alliance News) - Gunsynd PLC on Thursday said it is about to receive a stake in Oyster Oil & Gas Ltd's operating unit, in settlement of a loan issued to Oyster by Gunsynd.

Gunsynd To Get Stake In Oyster Oil & Gas Operations As Loan Repayment

Activision Blizzard announced key leadership appointments, naming long-time veteran executives to lead three of the company's operating units. Call of Duty Executive Vice President and General Manager Rob Kostich has been named President of Activision; Humam Sakhnini has been named President of King Digital Entertainment, having most recently served as both CFO and Chief Strategy Officer of the operating unit.

Activision Blizzard names Call of Duty GM Rob Kostich as president

He joined BerkleyNet as a founding team member in 2006, has held a variety of positions across sales, marketing, information technology and operations, and has worked closely with the operating unit's voluntary and residual market operations.

W. R. Berkley Corporation appoints James B. Gilbert

On the evolution of the operating unit's name, Gregory Douglas, President, commented, "Direct is how we traditionally approached the market, but Solutions is clearly more reflective of the overall value we deliver to our partners each day.

Berkley Re Direct now called Berkley Re Solutions

Spice Money received an in-principle approval to set-up as a Bharat Bill Payment Operating Unit (BBPOU) under the Payment and Settlement Systems Act, 2007 in May 2016.

RBI approves Spice Digital to process bill payments under Bharat Bill Payment System as BBPOU

Most recently, Woelk was head of global operations for Mahle Group's Thermal Management operating unit, which is considered the world's leading OEM for refrigeration and climate systems for vehicles, engines and transmissions.

Lindal Group

The BBPS will have two components, the Bharat Bill Payment Central Unit (BBPCU) and the Bharat Bill Payment Operating Unit (BBPOU).

Bharat Bill Payment System (BBPS) pilot project initiated by NPCI

Any company registered under the Companies Act (1956) with a minimum net worth of Rs 100 crore and one-year experience of bill collection and transaction processing can seek approval from the RBI to become an operating unit.

RBI gives a go-ahead to uniform bill platform

Vice President, External Supply Operating Unit, Pfizer Global Supply (PGS)

Paul Duffy

Operating unit revenues increased 6.0 percent from second quarter 2011, on a combined basis.