What does company integration mean?

Legal analysis: Corporate integration refers to the development of more responsive business processes, which not only meets the requirements of corporate supervision, but also improves the efficiency and response time of enterprises.

Legal basis: Article 172 of the Company Law of People's Republic of China (PRC), the merger of companies can take the form of absorption merger or new merger. A company absorbs other companies for merger, and the absorbed company is dissolved. The merger of two or more companies to form a new company is a new merger, and the parties to the merger are dissolved.