Cinven/Candover to merge Springer and Kluwer Academic Publishers in '04.The merger of Springer springer a North American term commonly used to describe heifers close to term with their first calf. Science+Business Media (Berlin/New York York, former name of Toronto, Canada York, Ont.: see Toronto, Ont., Canada. York, city, England York, city (1991 pop. 123,126) and district, North Yorkshire, N England, at the confluence of the Ouse and Foss rivers. ), the former BertelesmannSpringer property acquired in August by private equity firms Cinven Cinven is a European private equity firm founded in 1977 with offices in London, Paris, Frankfurt and Milan. The Third Fund, which closed in 2002, raised €4.4bn. Cinven is solely focused on European acquisitions and buyouts, with investment coming from over 100 institutional (London London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. ) and Candover (London), with Kluwer Academic Publishers (Norwell, MA/Dordrecht, Ger.), acquired by the two equity firms in January 2003, will commence in the spring of 2004. Together, the merged companies will publish 1350 magazines and more than 5000 book titles each year, with revenues of about 880 million euros. Springer Science+Business Media owns 70 publishing companies in 16 countries and publishes 700 journals and around 4000 new book titles each year covering science, medicine, economics, engineering, architecture, construction and transport. The company had 2002 sales of 731 million euros. Kluwer Academic Publishers produced 650 journals and 1200 books last year for the science, technology, medical, humanities and social sciences markets. Kluwer had 2002 sales of 151 million euros. Kluwer ceo Peter Hendriks said that "we are delighted about the upcoming merger. Our portfolios complement each other in an ideal way. We will especially profit from the Springer's experience in the B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business segment and the practice-oriented professional books." related news in brief.... |
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