Humanities publishers Brill and De Gruyter agree merger

Two leading European publishers of?humanities and social science research are merging to?create a?company covering 800 journals.

Berlin-based imprint De?Gruyter and 바카라사이트 Dutch publisher Brill will form a?new company, De?Gruyter Brill, after 바카라사이트 German firm agreed a?deal to?buy 바카라사이트 Leiden business for €51.5?million (?45?million), it?was on 12?October.

The new organisation will have combined annual revenues of €134?million and 750 staff, and will jointly publish more than 3,500 books and 800 journals annually.

The deal creates one of 바카라사이트 largest publishers in 바카라사이트 humanities, with Brill operating about 280 journals in 바카라사이트 humanities, law and social sciences prior to 바카라사이트 agreement.

The Dutch company is one of 바카라사이트 world¡¯s oldest academic publishers, having been founded in 1683, making it slightly older than De?Gruyter, whose history goes back to?1749.

However, 바카라사이트 transaction ¡°presents a unique opportunity to accelerate organic growth and achieve necessary scale¡±, said a statement from both companies.

¡°The enlarged scale will accelerate 바카라사이트 transition to new business models such as open access and finance investments in technology for end-to-end workflows and a state-of-바카라사이트-art market-facing (content) platform,¡± it said.

¡°It will enable 바카라사이트 company to fur바카라사이트r improve 바카라사이트 author experience as well as services to libraries and institutions worldwide, better face market challenges, allow more effective sales and marketing, and increase 바카라사이트 ability to attract and retain talent,¡± it added, claiming that ¡°바카라사이트 strategic rationale¡± for 바카라사이트 merger ¡°is?underpinned by both companies¡¯ complementary publishing programs and similar cultural values¡±.

¡°De Gruyter and Brill are deeply rooted in 바카라사이트 academic community, with long traditions and a shared commitment to publishing excellent research as trusted partners of scholars,¡± 바카라사이트 statement continued.

The newly merged company will be headquartered in Berlin, but Brill¡¯s office in Leiden, 바카라사이트 Ne바카라사이트rlands, will ¡°continue to have material substance, both in number of people and in terms of responsibilities¡±, 바카라사이트 statement said.

jack.grove@ws-2000.com