{"id":1368,"date":"2015-01-16T14:21:38","date_gmt":"2015-01-16T14:21:38","guid":{"rendered":"https:\/\/www.editage.com\/insights\/nature-publisher-merges-with-springer-to-form-a-joint-venture\/"},"modified":"2025-04-28T05:59:26","modified_gmt":"2025-04-28T05:59:26","slug":"nature-publisher-merges-with-springer-to-form-a-joint-venture","status":"publish","type":"post","link":"https:\/\/www.editage.com\/insights\/nature-publisher-merges-with-springer-to-form-a-joint-venture","title":{"rendered":"Nature publisher merges with Springer to form a joint venture"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><span style=\"font-size:14px;\">Macmillan Science and Education, the London-based publisher of <em>Nature<\/em> and <em>Scientific American<\/em>, will merge with one of the world\u2019s largest science publishers, Berlin-based Springer Science+Business Media. The consolidation was <a href=\"http:\/\/www.nature.com\/news\/nature-owner-merges-with-publishing-giant-1.16731\">announced<\/a> on January 15 by Holtzbrinck Publishing Group (the private firm that owns Macmillan) and the private equity firm BC Partners (which bought out Springer in 2013). Derk Haank, CEO of Springer, stated that \u201c<a href=\"http:\/\/www.nature.com\/news\/nature-owner-merges-with-publishing-giant-1.16731\">Combined, these two companies, both deeply rooted in a strong publishing tradition, offer breadth, volume and reach.<\/a>\u201d<\/span><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><span style=\"font-size:14px;\">The joint venture would create an academic publishing group with around 13,000 employees and a turnover of around \u20ac1.5 billion, making it one of the biggest scientific publishers by revenues. Holtzbrinck Publishing Group is slated to own 53% of the combined venture, and anticipates that the deal will be approved by competition authorities in the first half of 2015. Reportedly, the deal excludes certain businesses: Macmillan Education\u2019s US higher education business, and Holtzbrinck\u2019s scientific software firm Digital Science and the education technology company Digital Education.<\/span><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><span style=\"font-size:14px;\">Some librarians, however, are worried of the consequences of this deal. Paul Ayris, director of library services at University College, London says, \u201cThe philosophy of the commercial market is that competition works to bring prices down. On that basis, the concentration of such large publishing volumes in one pair of hands is not good news for users.\u201d Some industry leaders are of the opinion that the merger is indicative of the declining growth opportunities in technical publishing. As Richard Anderson, associate dean for scholarly resources and collections at the University of Utah in Salt Lake City, puts it, &#8220;<a href=\"http:\/\/news.sciencemag.org\/scientific-community\/2015\/01\/nature-publisher-merge-world-s-second-biggest-science-publisher\">I think more consolidation is inevitable. Publishers are fielding more and more submissions and chasing smaller and smaller budgets while also dealing with an increasingly complex scholarly communication environment.<\/a>\u201d This merger might mark the beginning of a trend of joint ventures in scientific publishing.\u00a0<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macmillan Science and Education, the London-based publisher of Nature and Scientific American, will merge with one of the world\u2019s largest science publishers, Berlin-based Springer Science+Business Media. The consolidation was announced on January 15 by Holtzbrinck Publishing Group (the private firm that owns Macmillan) and the private equity firm BC Partners (which bought out Springer in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":33313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2408],"tags":[2644],"new_categories":[],"new_tags":[],"series":[],"class_list":["post-1368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-industry-updates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nature publisher merges with Springer to form a joint venture | Editage Insights<\/title>\n<meta name=\"description\" content=\"Macmillan Science and Education, the London-based publisher of Nature and Scientific American, will merge with one of the world\u2019s largest science publishers, Berlin-based Springer Science+Business Media. The consolidation was announced o\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.editage.com\/insights\/nature-publisher-merges-with-springer-to-form-a-joint-venture\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nature publisher merges with Springer to form a joint venture | Editage Insights\" \/>\n<meta property=\"og:description\" content=\"Macmillan Science and Education, the London-based publisher of Nature and Scientific American, will merge with one of the world\u2019s largest science publishers, Berlin-based Springer Science+Business Media. 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