related company
noun[C]
ukusFINANCE,WORKPLACE
acompanythatcontrolsor iscontrolledby anothercompany, often one that is in the samebusinessgroup:
Manysmallfamilycompanieshavegrownintoenormousconglomerateswith dozens ofrelatedcompaniesspreadthroughouttheworld.
Non-executivedirectorscould not beseenasindependentif, in the past threeyears, they had abusinessrelationshipwith arelatedcompany.