 | |
| Type | Privately held Kommanditgesellschaft auf Aktien with an Aktiengesellschaft as general partner |
|---|---|
| Industry | Publishing |
| Founded | 2015 |
| Headquarters | London, UK (global) Berlin, Germany (corporate) New York City, USA (sales) |
Area served | Worldwide |
Key people | |
| Revenue | US$1.72 billion[1] (2019) |
| Owners | Holtzbrinck Publishing Group (53%) BC Partners (47%) |
Number of employees | 10,000[1] (2019) |
Springer Nature is an English-German academic publishing company created by the May 2015 merger of Springer Science+Business Media and Holtzbrinck Publishing Group's Nature Publishing Group, Palgrave Macmillan, and Macmillan Education.[2] The company made revenues of EUR1.72 billion in 2019.[1]
History
Springer Nature was formed in 2015 by the merger of Nature Publishing Group, Palgrave Macmillan and Macmillan Education (held by Holtzbrinck Publishing Group) with Springer Science+Business Media (held by BC Partners). Plans for the merger were first announced on 15 January 2015.[3] The transaction was concluded in May 2015 with Holtzbrinck having the majority 53% share.[4]
The company originates from a number of journals and publishing houses, notably Springer-Verlag, which was founded in 1842 by Julius Springer in Berlin[5] (the grandfather of Bernhard Springer who founded Springer Publishing in 1950 in New York),[6]Nature Publishing Group which publishes Nature since 1869,[7] and Macmillan Education, which goes back to Macmillan Publishers founded in 1843.
After the merger, former Springer Science+Business Media CEO Derk Haank became CEO of Springer Nature. When he retired by the end of 2017, he was succeeded by Daniel Ropers, the co-founder and long-time CEO of bol.com.[8] In September 2019, Ropers was replaced by Frank Vrancken Peeters.[9]
IPO attempts
IPO attempts in May 2018 and Autumn 2020 were unfruitful due to unfavourable market conditions.[10]
Controversies
In 2017, the company agreed to block access to hundreds of articles on its Chinese site, cutting off access to articles on Tibet, Taiwan, and China's political elite.[11]
Springer Nature reported in 2018 a mean gender pay gap of 17.6% in its UK workforce, while the median was 15.2%.[12]
The company retracted a paper in 2019, in its journal BMC Emergency Medicine due to dubious peer-review process (a herpetologist could have denied the publication of the paper). [13]
In August 2020, Springer Nature was reported to have rejected the publication of an article at the behest of its co-publisher, Wenzhou Medical University, from a Taiwanese doctor because the word "China" was not placed after "Taiwan."[14]
In July 2020, Springer Nature retracted a paper in the journal Society due to dubious review process and criticism regarding racism.[15]
Subsidiaries
- Adis International
- Apress
- Asser Press
- BioMed Central
- Bohn Stafleu van Loghum
- J. B. Metzler
- Macmillan Education
- Nature Research
- Palgrave Macmillan
- Scientific American
- Springer Healthcare
- Springer VS
- Springer Verlag
- Springer Gabler
- Springer Vieweg Verlag
- Springer Medizin
- Springer Pflege
- Springer Nature Technology and Publishing Solutions
References
- ^ a b c "Springer Nature Group Key Facts". Springer Nature Group. p. 2. Retrieved .
- ^ "Springer Nature created following merger completion". Springer. 6 May 2015.
- ^ "Nature publisher to merge with Springer". Times Higher Education. 15 January 2015. Retrieved 2018.
- ^ Caroline Carpenter (May 6, 2015). "Completed merger forms 'Springer Nature'". The Bookseller. Retrieved 2015.
- ^ "Springer celebrates 175 years since its founding". KnowledgeSpeak.com. 11 May 2017. Retrieved 2018.
- ^ "Do you mean Springer, Springer or Springer?". Springer.com. 2014. Archived from the original on 27 December 2016.
- ^ "Nature". Phys.org. Retrieved 2018.
- ^ "Bol.com's Ropers to take Haank's role at Springer Nature". The Bookseller. 6 May 2015.
- ^ "Springer Nature Announces CEO Succession: Frank Vrancken Peeters appointed Chief Executive Officer. Daniel Ropers to step down. | Corporate Affairs Homepage | Springer Nature". group.springernature.com.
- ^ Benjamin Robertson, Ruth David, Jan-Henrik Foerster (3 October 2020). "Europe IPO Revival Peters Out as Year's Top German Deal Delayed". Bloomberg.CS1 maint: multiple names: authors list (link)
- ^ "The Mystery of the Exiled Billionaire Whistle-Blower". January 10, 2018.
- ^ "Springer Nature reports 15.12% pay gap". www.thebookseller.com. The Bookseller. Retrieved .
- ^ retractionwatch. "A snake bites once, but its picture is used twice".
- ^ Tang, Jane (1 September 2020). "Springer Nature Journal Rejects Article by Taiwan Doctor Over Country Name". Radio Free Asia. Retrieved 2020.
- ^ retractionwatch. "Springer Nature retracts paper that hundreds called 'overtly racist'".
External links
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