Amalgamation is the process of uniting or blending two or more business entities into one. It allows for the dissolution of one or more companies and the transfer of their business operations to another existing company. The key benefits of amalgamation include enabling large-scale operations through the elimination of duplicate facilities and processes, increasing access to cash and resources, realizing tax savings, and eliminating competition. There are different types of amalgamation like ordinary, simplified, and in the nature of a merger, as well as methods like the pooling of interest and purchase methods.