The merger for Springer Science+Business Media with the majority of Macmillan Science and Education has been cleared, with the new company to be named Springer Nature.
A new blue and red logo has also been unveiled [pictured].
The agreement between Holtzbrinck Publishing Group, owner of Macmillan Science and Education, and BC Partners, advisors of funds which own Springer, was announced on 15th January. Key competition authorities including the European Union and the US Department of Justice have now cleared the merger.
Derk Haank, c.e.o of Springer Nature, said: “Today marks our inaugural day together as a new company. 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. Our newly expanded company is home to a wide range of brands and successful businesses with a global footprint. This includes our respected global language learning, schools and higher education group, and our Professional group which supports professional learning in fields such as medicine, engineering and transport.”
He added: “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.”
Springer Nature has an estimated turnover of €1.5bn and 13,000 employees. It is under the joint control of Holtzbrinck and funds advised by BCP, with Holtzbrinck retaining a 53% share. Haank, formerly Springer c.e.o., is joined by former c.e.o. of Macmillan Science and Education Annette Thomas as chief scientific officer and Springer executives Martin Mos and Ulrich Vest as chief operating officer and chief financial officer respectively.
The merger does not include Macmillan New Ventures, Digital Science and Digital Education (the Macmillan Science and Education technology and software businesses), the Macmillan Education US higher education business (Bedford, Freeman, Worth), Holtzbrinck Ventures and Holtzbrinck Digital, Information and Services; or Macmillan Publishers, the global consumer books division of Holtzbrinck, including Holtzbrinck Deutsche Buchverlage and J B Metzler.