Usually means: Merger of companies in industry.
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We found 7 dictionaries that define the word horizontal combination:

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  1. horizontal combination: Vocabulary.com
  2. horizontal combination: Dictionary.com
  3. horizontal combination: Rhymezone
  4. horizontal combination: FreeDictionary.org
  5. horizontal combination: Mnemonic Dictionary
  6. horizontal combination: TheFreeDictionary.com
  7. horizontal combination: Longman Dictionary of Contemporary English

Definitions from WordNet (horizontal combination)

noun:  absorption into a single firm of several firms involved in the same level of production and sharing resources at that level

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