Company:Springer Nature

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Short description: Academic publisher
Springer Nature
TypePrivately held Kommanditgesellschaft auf Aktien with an Aktiengesellschaft as general partner
IndustryPublishing
Founded2015; 8 years ago (2015)
HeadquartersLondon, UK (global)
Berlin, Germany (corporate)
New York City, USA (sales)
Area served
Worldwide
Key people
  • Frank Vrancken Peeters (CEO)
RevenueUS$1.72 billion (2019)
Owners
  • Holtzbrinck Publishing Group (53%)
  • BC Partners (47%)
Number of employees
10,000 (2019)
Websitewww.springernature.com
Footnotes / references
[1]

Springer Nature or the Springer Nature Group[1][2] is a German-British 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.[3]

History

The company originates from a number of journals and publishing houses, notably Springer-Verlag, which was founded in 1842 by Julius Springer in Berlin[4] (the grandfather of Bernhard Springer who founded Springer Publishing in 1950 in New York),[5] Nature Publishing Group which has published Nature since 1869,[6] and Macmillan Education, which goes back to Macmillan Publishers founded in 1843.[7]

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.[8] The transaction was concluded in May 2015 with Holtzbrinck having the majority 53% share.[9]

IPO attempts in May 2018 and Autumn 2020[10] were unfruitful due to unfavorable market conditions.[11][12]

In 2021, Springer Nature acquired Atlantis Press, an open access publisher founded 2006 in Paris, focusing on scientific, technical, and medical (STM) content, and publication of conference proceedings.[13][14]

Current company

After the merger, former Springer Science+Business Media CEO Derk Haank became CEO of Springer Nature.[15] When he retired by the end of 2017, he was succeeded by Daniel Ropers,[16] the co-founder and long-time CEO of bol.com.[17] In September 2019, Ropers was replaced by Frank Vrancken Peeters.[18][19]

The company is releasing a number of Policies & Reports,[20] including a Modern Slavery Act statement, a Tax strategy, a gender pay gap report for Springer Nature’s UK operations,[21][22] Editorial and publishing policies, Code of conduct, etc.

Brands

The following major brands belong to the group (see also Subsidiaries):[23]

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.[25][26]

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).[27]

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."[28][29]

In July 2020, Springer Nature retracted a paper in the journal Society due to dubious review process and criticism regarding racism.[30]

In November 2021, Springer Nature retracted 44 nonsense papers from the Arabian Journal of Geosciences after a lapse in the peer review process.[31][32]

Subsidiaries

Further reading

See also

  • Publishing
  • Scientific publication

References

  1. ↑ 1.0 1.1 "Über uns: Presse". Springer Nature Group. https://group.springernature.com/de/group/media. 
  2. ↑ "Türen für Entdeckungen Öffnen". Springer Nature Group. https://group.springernature.com/de/group. 
  3. ↑ "Springer Nature created following merger completion". Springer. 6 May 2015. https://www.springer.com/gp/about-springer/media/press-releases/corporate/springer-nature-created-following-merger-completion/256626. 
  4. ↑ "Springer celebrates 175 years since its founding". KnowledgeSpeak.com. 11 May 2017. http://www.knowledgespeak.com/newsArchieveviewdtl.asp?pickUpBatch=3187. 
  5. ↑ "Do you mean Springer, Springer or Springer?". 2014. http://www.springer.com/gp/about-springer/company-information/know-your-springer/do-you-mean-springer-springer-or-springer-/18482. 
  6. ↑ "Nature". Phys.org. https://phys.org/journals/nature/. 
  7. ↑ "About Us | Springer Nature | Corporate Affairs Homepage | Springer Nature". https://group.springernature.com/de/group/about-us. 
  8. ↑ "Nature publisher to merge with Springer". Times Higher Education. 15 January 2015. https://www.timeshighereducation.com/news/nature-publisher-to-merge-with-springer/2017985.article. 
  9. ↑ Caroline Carpenter (May 6, 2015). "Completed merger forms 'Springer Nature'". The Bookseller. http://www.thebookseller.com/news/completed-merger-forms-springer-nature. 
  10. ↑ "Springer Nature Said to Kick Off 1 Billion-Euro IPO This Month" (in en). Bloomberg.com. 2020-09-04. https://www.bloomberg.com/news/articles/2020-09-04/springer-nature-said-to-kick-off-1-billion-euro-ipo-this-month. 
  11. ↑ Schuetze, Arno (2018-05-08). "Weak demand forces Springer Nature to cancel $3.2 billion float at last minute" (in en). Reuters. https://www.reuters.com/article/us-springer-nature-ipo-idUSKBN1I91FU. 
  12. ↑ Benjamin Robertson, Ruth David, Jan-Henrik Foerster (3 October 2020). "Europe IPO Revival Peters Out as Year's Top German Deal Delayed". Bloomberg. https://www.bloombergquint.com/business/bc-partners-backed-springer-nature-is-said-to-delay-german-ipo-kfsoqvii. 
  13. ↑ "About Atlantis Press". https://www.atlantis-press.com/about. 
  14. ↑ Anderson, Porter (March 11, 2021). "Springer Nature Acquires Paris' Open Access Atlantis Pres". https://publishingperspectives.com/2021/03/springer-nature-acquires-paris-open-access-atlantis-press-covid19/. 
  15. ↑ "Derk J Haank, Springer Science+Business: Profile and Biography" (in en). https://www.bloomberg.com/profile/person/3129261. 
  16. ↑ "Derk Haank, Chief Executive Officer to retire and to be succeeded by Daniel Ropers" (in en). https://www.springer.com/gp/about-springer/media/press-releases/corporate/derk-haank--chief-executive-officer-to-retire-and-to-be-succeeded-by-daniel-ropers-/12477540. 
  17. ↑ "Bol.com's Ropers to take Haank's role at Springer Nature". The Bookseller. 6 May 2015. https://www.thebookseller.com/news/haank-depart-springer-nature-bolcom-s-ropers-takes-ceo-role-574476. 
  18. ↑ "Executive Team | Corporate Affairs Homepage | Springer Nature". https://group.springernature.com/de/group/about-us/executive-team. 
  19. ↑ "Springer Nature Announces CEO Succession: Frank Vrancken Peeters appointed Chief Executive Officer. Daniel Ropers to step down. | Corporate Affairs Homepage | Springer Nature". https://group.springernature.com/de/group/media/press-releases/springer-nature-announces-ceo-succession/17140728. 
  20. ↑ "Policies, Reports and Acts | Springer Nature | Corporate Affairs Homepage | Springer Nature". https://group.springernature.com/de/group/taking-responsibility/policies-reports-acts. 
  21. ↑ "Springer Nature reports 15.12% pay gap". The Bookseller. https://www.thebookseller.com/news/springer-nature-reports-1512-pay-gap-755411. 
  22. ↑ "Springer Nature Gender Pay Gap Report – April 2018 - EN | Corporate Affairs Homepage | Springer Nature". https://group.springernature.com/gp/group/springer-nature-gender-pay-gap-report-april-2018-en/16508070. 
  23. ↑ "Springer Nature Group | Corporate Affairs Homepage | Springer Nature". https://group.springernature.com/gp/group. 
  24. ↑ "Heinrich Vogel Shop". https://www.heinrich-vogel-shop.de/. 
  25. ↑ Hernández, Javier C. (2017-11-01). "Leading Western Publisher Bows to Chinese Censorship (Published 2017)" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/2017/11/01/world/asia/china-springer-nature-censorship.html. 
  26. ↑ Hilgers, Lauren (January 10, 2018). "The Mystery of the Exiled Billionaire Whistle-Blower". The New York Times. https://www.nytimes.com/2018/01/10/magazine/the-mystery-of-the-exiled-billionaire-whistleblower.html?login=email&auth=login-email. 
  27. ↑ retractionwatch (3 April 2020). "A snake bites once, but its picture is used twice". https://retractionwatch.com/2020/04/03/great-snakes-image-mixup-helps-doom-snakebite-paper/#more-119209. 
  28. ↑ Tang, Jane (1 September 2020). "Springer Nature Journal Rejects Article by Taiwan Doctor Over Country Name". Radio Free Asia. https://www.rfa.org/english/news/china/article-09012020091523.html. 
  29. ↑ Charlie Parker (October 10, 2020). "Taiwan academics told to identify as Chinese in journal". The Times. https://www.thetimes.co.uk/article/taiwan-academics-told-to-identify-as-chinese-in-journal-srsbd7jss. 
  30. ↑ retractionwatch (31 July 2020). "Springer Nature retracts paper that hundreds called 'overtly racist'". https://retractionwatch.com/2020/07/31/springer-nature-retracts-paper-that-hundreds-called-overtly-racist/. 
  31. ↑ Isaac Schultz (6 November 2021). "Science Publisher Retracts 44 Papers for Being Utter Nonsense". Gizmodo. https://gizmodo.com/science-publisher-retracts-44-papers-for-being-utter-no-1848004690. 
  32. ↑ Marcus, Adam (November 4, 2021). "Springer Nature geosciences journal retracts 44 articles filled with gibberish". Retraction Watch. https://retractionwatch.com/2021/11/04/springer-nature-geosciences-journal-retracts-44-articles-filled-with-gibberish/. 

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