Academic publisher Brill has reached an agreement with the shareholders of Wageningen Academic Publishers B.V. (WAP) to acquire all shares in the business. WAP is a cutting-edge, international academic publisher in the fields of Animal Science, Food and Health Science, Agriculture, Environment, and Agribusiness. It publishes scientific journals, books, and conference proceedings, many of which are in Open Access. The total revenue of WAP amounted to approx. EUR 1m in 2021.
The acquisition of WAP strengthens Brill’s quality Biology program and creates a springboard to further develop in this fast-growing and well-funded segment of the academic market. In addition, Brill’s mission to be relevant in areas of scholarship vital for addressing today's global challenges is further reinforced with key publications in areas such as Agriculture and Environment.
The acquisition of WAP is expected to positively contribute to Brill’s underlying EBITDA and underlying Earnings Per Share (EPS) as of 2022. The transaction will be financed with cash and an acquisition facility provided by Rabobank NL. The acquisition will be effective as of April 15, 2022, and WAP’s results will be included in the consolidated figures of the Brill Group as of that date.
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