The Office of Fair Trading has cleared the acquisition of Nelson Thornes by Oxford University Press after a four-month investigation.
OUP announced in January it had bought educational publisher Nelson Thornes from parent company Infinitas Learning for an undisclosed sum. At the time, estimates suggested that the two companies together would take around a third of the market share for educational publishing.
However, the result of review published by the OFT today (24th May) said it had decided not to refer the acquisition to the Competition Commission based on information currently available to it.
Nigel Portwood, chief executive of OUP, said: “The OFT announcement marks the beginning of an exciting future for us, where the combination of OUP’s and Nelson Thornes’ expertise and resources enables us to provide teachers and students with an even greater choice of high-quality materials.”
Since January, Nelson Thornes has operated as a stand-alone subsidiary of OUP with Richard Hodson—formerly a director at OUP—performing the role of managing director. OUP confirmed today that Hodson would continue as m.d, and Nelson Thornes would maintain its Cheltenham office, organisation structure, and current staff.