M&A, or mergers and acquisitions, refers to the process where companies combine (mergers) or one company purchases another (acquisitions). This strategy is often used to enhance market share, expand product offerings, or achieve economies of scale. M&A can involve companies of various sizes and industries, and it typically requires careful planning and negotiation. The M&A process usually includes several stages, such as identifying potential targets, conducting due diligence, and finalizing the deal. Successful M&A can lead to increased efficiency and profitability, while unsuccessful attempts may result in financial losses or cultural clashes between the merging organizations.