12 October 2023
Brill and De Gruyter have agreed to join forces to become the leading academic publisher in the humanities.
“The enlarged scale will accelerate our transition to Open Access and increase our ability to deliver cutting-edge technology. Together, we will publish over 3,500 books and 800 journals per year while providing the best possible service and infrastructure to our communities.”
The transaction creates the leading academic publisher in the Humanities and presents a unique opportunity to accelerate organic growth and achieve necessary scale. With pro forma combined revenues of around EUR 134 million and 750 employees, the combination will be well-positioned to offer the best possible service and infrastructure to its communities. The combination will jointly publish well over 3,500 books and 800 journals per year. The enlarged scale will accelerate a transition to Open Access, finance investments in technology for end-to-end workflows and a cutting-edge market-facing (content) platform. Furthermore, it will enable the company to face market challenges, allow more effective sales & marketing and increase the ability to attract and retain talent. The combination of two centuries-old publishing houses will be branded De Gruyter Brill, signaling the importance of the strong heritage and family background of both companies.
“As Brill is a listed company, De Gruyter will launch a public offer for all of Brill shares. Once the transaction is successfully concluded, we will become De Gruyter Brill. Sharing similar cultural values with deep roots and a long tradition in the academic community, we are looking forward to continue our growth path with De Gruyter.”
Read more also on the LinkedIn Post here