sister company
A 'sister company' is a business entity that shares the same parent organization with another, often operating independently but under the same corporate umbrella.
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Definition
B2Corporate Structure
(common)A business that shares the same parent company as another business.
Example
- Our sister company in Germany will handle the European distribution.
- The two sister companies collaborated on the new product launch.
C1Corporate Structure
(technical)A company that operates independently but is controlled by the same holding company as another company.
Example
- Despite being sister companies, they maintain separate management teams.
Similar
Terms that have similar or relatively close meanings to "sister company":