Science Publisher Merger Completion Sees Creation Of Springer Nature

m2bespokeixxus070515In February this year I shared the first details about the merger of publishers Macmillan Science and Education with Springer Science+Business Media. Yesterday, the Springer website revealed that the European Union and US Department of Justice has officially cleared the merger and announced the creation of a new company: Springer Nature.

“We are bringing the Springer and Nature brands to the fore in our new name to emphasize the rich science publishing heritage that we share,” said Derk Haank, CEO of Springer Nature in the latest press release.

By merging with Macmillan, Springer can now include some of the best-respected academic journals as part of its ranks. For Macmillan, it has joined forces with one of the world’s largest scholarly publishers by journal volume.

“Taking a unified one-company approach will enable us to have a global view. This will put us in a strong position to benefit from the combined skills and talents of our organization and to better serve researchers, students, teachers and professionals by helping them to discover more. I am very excited about the road ahead for Springer Nature,” added Haank.

Speaking of the merger in The Bookseller magazine, Angus Phillips, director of the Oxford International Centre for Publishing at Oxford Brookes University, said: “It creates a diverse portfolio: Macmillan has the international schools business and Palgrave, which broadens Springer more generally. Springer has a big range of journals, and adding a heavy-hitting brand like Nature in there will be good for an IPO”.

Also speaking to The Bookseller, Outsell analyst Deni Auclair added how the innovation on both sides – such as (Macmillan parent) Holtzbrinck’s approach to solutions and Springer’s innovation with content delivery – means that “in five years’ time it could be nipping at Elsevier STM’s heels.”

Not everyone has been so positive about the news, however. Speaking to Times Higher Education, both Phil Sykes – librarian at the University of Liverpool – and David Prosser – executive director of Research Libraries UK – warned that the merger would likely be bad news for universities as journal prices would surely rise, reducing libraries’ budget flexibility and potentially squeezing out smaller publishers after cuts have been made.

What are your thoughts of this new STM powerhouse now it has received the official go ahead? Is the combination of skills and knowledge likely to benefit the industry, or does it just give them more muscle to start making problems for researchers?

 

Date Published : 13th of May 2015

Steve Odart

Published by : Steve Odart

About the Author : Steve Odart is the founder of Ixxus, with 28 years experience in the publishing industry. He started life at the London College of Printing, following his grandfather into the printing industry. He spent many years working with Quark through its launch of Quark XPress, and the Quark Publishing System, before setting up a publishing division within one of the UK’s largest Sun Microsystems Resellers. He then joined Oracle, as EMEA Business Development Director – Publishing and Media, prior to founding Ixxus in 2004. Steve has an extensive knowledge of publishing past, present and future, and has worked with the majority of the largest global publishers in his career to date.