Acquisition refers to the process through which one company purchases another company, usually by buying a majority stake in its ownership. This strategic move allows the acquiring company (often referred to as the acquirer or buyer) to gain control over the acquired company (the target). Acquisitions can be part of a growth strategy to expand market share, access new technologies or products, enter new markets, or achieve synergies that enhance overall business performance. The process involves negotiations, due diligence, legal considerations, and integration planning to ensure a successful transition and realization of anticipated benefits.