vertical mergerglossary / vertical merger A merger between businesses occupying different levels of operation for the same product, such as between a manufacturer and a retailer; a merger of buyer and seller. 词条贡献者 译员Nanda，毕业于英国顶尖的高级翻译学院，专注翻译各种与证券和消费者集体诉讼有关的法律文件。
vertical merger vertical merger, 纵向兼并, 纵向合并 vertical merger 纵向兼并；纵向合并 具有买卖相连环节的企业间的兼并，即一个企业兼并购买其商品的其他企业或向其出售商品的其他企业。如果是生产商或批发商兼并了零售商，则称为前向兼并〔forward merger〕，反之，如果零售商或分销商兼并了生产商，则称为后向兼并〔backward merger〕。 (→vertical integration；horizontal integration)
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