Springer Nature

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Springer Nature
TypePrivately held Kommanditgesellschaft auf Aktien with an Aktiengesellschaft as general partner
IndustryPublishing
Founded2015; 10 years ago (2015)
HeadquartersLondon, UK (global)
Berlin, Germany (corporate)
New York City, USA (sales)
Area served
Worldwide
Key people
RevenueUS$1.72 billion (2019)
Owners
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]

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]

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][31]

Subsidiaries

Further reading and related

See also

References

  1. ^ a b "Über uns: Presse" (in German). Springer Nature Group. Retrieved 2021-03-09.{{cite web}}: CS1 maint: url-status (link)
  2. ^ "Türen für Entdeckungen Öffnen" (in German). Springer Nature Group. Retrieved 2021-03-08.
  3. ^ "Springer Nature created following merger completion". Springer. 6 May 2015.
  4. ^ "Springer celebrates 175 years since its founding". KnowledgeSpeak.com. 11 May 2017. Retrieved April 6, 2018.
  5. ^ "Do you mean Springer, Springer or Springer?". Springer.com. 2014. Archived from the original on 27 December 2016.
  6. ^ "Nature". Phys.org. Retrieved April 6, 2018.
  7. ^ "About Us | Springer Nature | Corporate Affairs Homepage | Springer Nature". group.springernature.com. Retrieved 2021-03-09.
  8. ^ "Nature publisher to merge with Springer". Times Higher Education. 15 January 2015. Retrieved April 6, 2018.
  9. ^ Caroline Carpenter (May 6, 2015). "Completed merger forms 'Springer Nature'". The Bookseller. Retrieved July 8, 2015.
  10. ^ "Springer Nature Said to Kick Off 1 Billion-Euro IPO This Month". Bloomberg.com. 2020-09-04. Retrieved 2021-03-08.
  11. ^ Schuetze, Arno (2018-05-08). "Weak demand forces Springer Nature to cancel $3.2 billion float at last minute". Reuters. Retrieved 2021-03-08.
  12. ^ Benjamin Robertson, Ruth David, Jan-Henrik Foerster (3 October 2020). "Europe IPO Revival Peters Out as Year's Top German Deal Delayed". Bloomberg.{{cite news}}: CS1 maint: multiple names: authors list (link)
  13. ^ "Derk J Haank, Springer Science+Business: Profile and Biography". Bloomberg.com. Retrieved 2021-03-08.
  14. ^ "Derk Haank, Chief Executive Officer to retire and to be succeeded by Daniel Ropers". www.springer.com. Retrieved 2021-03-08.
  15. ^ "Bol.com's Ropers to take Haank's role at Springer Nature". The Bookseller. 6 May 2015.
  16. ^ "Executive Team | Corporate Affairs Homepage | Springer Nature". group.springernature.com. Retrieved 2021-03-08.
  17. ^ "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.
  18. ^ "Policies, Reports and Acts | Springer Nature | Corporate Affairs Homepage | Springer Nature". group.springernature.com. Retrieved 2021-03-08.
  19. ^ "Springer Nature reports 15.12% pay gap". www.thebookseller.com. The Bookseller. Retrieved 2019-08-11.
  20. ^ "Springer Nature Gender Pay Gap Report – April 2018 - EN | Corporate Affairs Homepage | Springer Nature". group.springernature.com. Retrieved 2021-03-08.
  21. ^ "Springer Nature Group | Corporate Affairs Homepage | Springer Nature". group.springernature.com. Retrieved 2021-03-08.
  22. ^ Tietz, Tabea (2019-11-04). "The World's most important Scientific Journal – Nature". SciHi Blog. Retrieved 2021-03-08.
  23. ^ "Heinrich Vogel Shop". www.heinrich-vogel-shop.de. Retrieved 2021-03-08.{{cite web}}: CS1 maint: url-status (link)
  24. ^ Hernández, Javier C. (2017-11-01). "Leading Western Publisher Bows to Chinese Censorship (Published 2017)". The New York Times. ISSN 0362-4331. Retrieved 2021-03-08.
  25. ^ "The Mystery of the Exiled Billionaire Whistle-Blower". January 10, 2018.
  26. ^ retractionwatch (3 April 2020). "A snake bites once, but its picture is used twice".
  27. ^ Tang, Jane (1 September 2020). "Springer Nature Journal Rejects Article by Taiwan Doctor Over Country Name". Radio Free Asia. Retrieved 1 September 2020.
  28. ^ Charlie Parker (October 10, 2020). "Taiwan academics told to identify as Chinese in journal". The Times.
  29. ^ retractionwatch (31 July 2020). "Springer Nature retracts paper that hundreds called 'overtly racist'".
  30. ^ Isaac Schultz (6 November 2021). "Science Publisher Retracts 44 Papers for Being Utter Nonsense". Gizmodo.
  31. ^ Marcus, Adam (November 4, 2021). "Springer Nature geosciences journal retracts 44 articles filled with gibberish". Retraction Watch. Retrieved September 14, 2022.

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