McDonald's bought Chipotle but didn't rename it "McDonald's", neither did they rename McDonald's Chiptole. McDonald's is for hamburgers and Chipotle is for burritos even if the money ends up in the hands of the same people.
It is almost never beneficial to merge existing brands (unless one of the brands has a horrible reputation), so why should someone generalize away from a successful niche application and lose the associated branding instead of just starting a new brand for the new field?