Springer Nature

Springer Nature is an American 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 €1.72 billion in 2019.[1]

Springer Nature
Privately held Kommanditgesellschaft auf Aktien with an Aktiengesellschaft as general partner
IndustryPublishing
Founded2015; 5 years ago (2015)
HeadquartersLondon, UK (global)
Berlin, Germany (corporate)
New York City, USA (sales)
Area served
Worldwide
Key people
RevenueUS$1.72 billion[1] (2019)
OwnersHoltzbrinck Publishing Group (53%)
BC Partners (47%)
Number of employees
10,000[1] (2019)

HistoryEdit

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 Daniel Ropers was replaced by Frank Vrancken Peeters.[9]

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.[10]

In 2018, Springer Nature reported a mean gender pay gap of 17.6 % in its UK workforce, while the median was 15.2 %.[11]

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."[12]

ControversiesEdit

In July 2020 Springer Nature retracts a paper in the journal Society (journal) due to dubious review process and criticism regarding racism.[13]

In 2019, Springer Nature retracts a paper in the journal BMC Emergency Medicine due to dubious peer-review process (a herpetologist could have denied the publication of the paper). [14]

SubsidiariesEdit

ReferencesEdit

  1. ^ a b c "Springer Nature Group Key Facts". Springer Nature Group. p. 2. Retrieved 2020-03-12.
  2. ^ "Springer Nature created following merger completion". Springer. 6 May 2015.
  3. ^ "Nature publisher to merge with Springer". Times Higher Education. 15 January 2015. Retrieved April 6, 2018.
  4. ^ Caroline Carpenter (May 6, 2015). "Completed merger forms 'Springer Nature'". The Bookseller. Retrieved July 8, 2015.
  5. ^ "Springer celebrates 175 years since its founding". KnowledgeSpeak.com. 11 May 2017. Retrieved April 6, 2018.
  6. ^ "Do you mean Springer, Springer or Springer?". Springer.com. 2014. Archived from the original on 27 December 2016.
  7. ^ "Nature". Phys.org. Retrieved April 6, 2018.
  8. ^ "Bol.com's Ropers to take Haank's role at Springer Nature". The Bookseller. 6 May 2015.
  9. ^ "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.
  10. ^ "The Mystery of the Exiled Billionaire Whistle-Blower". January 10, 2018.
  11. ^ "Springer Nature reports 15.12% pay gap". www.thebookseller.com. The Bookseller. Retrieved 2019-08-11.
  12. ^ Tang, Jane (1 September 2020). "Springer Nature Journal Rejects Article by Taiwan Doctor Over Country Name". Radio Free Asia. Retrieved 1 September 2020.
  13. ^ retractionwatch. "Springer Nature retracts paper that hundreds called "overtly racist"".
  14. ^ retractionwatch. "A snake bites once, but its picture is used twice".

External linksEdit