Springer Nature

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Springer Nature
Privately held Kommanditgesellschaft auf Aktien with an Aktiengesellschaft as general partner
Industry Publishing
Founded 2015; 9 years ago (2015)
Headquarters London, UK (global)
Berlin, Germany (corporate)
New York City, USA (sales)
Area served
 Worldwide
Key people
Revenue US$1.72 billion (2019)
Owners Holtzbrinck Publishing Group (53%)
BC Partners (47%)
Number of employees
 10,000 (2019)
Website www.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 publishes 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]

Current company

After the merger, former Springer Science+Business Media CEO Derk Haank became CEO of Springer Nature.[13] When he retired by the end of 2017, he was succeeded by Daniel Ropers,[14] the co-founder and long-time CEO of bol.com.[15] In September 2019, Ropers was replaced by Frank Vrancken Peeters.[16][17]

The company is releasing a number of Policies & Reports,[18] including a Modern Slavery Act statement, a Tax strategy, a gender pay gap report for Springer Nature’s UK operations,[19][20] Editorial and publishing policies, Code of conduct, etc.

Brands

The following major brands belong to the group (see also Subsidiaries):[21]

Nature and its associated journals are considered by some to be the world's leading scientific journals.[22]

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.[24][25]

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).[26]

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."[27][28]

In July 2020, Springer Nature retracted a paper in the journal Society due to dubious review process and criticism regarding racism.[29]

In November 2021, Springer Nature retracted 44 nonsense papers from the Arabian Journal of Geosciences after a lapse in the peer review process.[30]

Subsidiaries

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Further reading and related

See also

References

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  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  22. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  23. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  24. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  26. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  27. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  28. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  29. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  30. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links


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