Scholarly publisher Brill has announced the intent to acquire the publishing houses Ferdinand Schöningh and Wilhelm Fink, Paderborn (Germany).
Brill and the owners have come to an agreement about the acquisition of Ferdinand Schöningh GmbH & Co. KG and Wilhelm Fink GmbH & Co. Verlags-KG, Paderborn, including the imprint Konstanz University Press.
The transaction includes highly esteemed journals and book series in History, Theology, Literature and Cultural Studies, Media Studies and Philosophy. In total, the publishing list comprises 5,500 book titles and 7 journals, growing by 330 new titles each year. The annual turnover is more than € 3 million, and the deal is expected to have a positive effect on Brill’s earnings per share in 2017.
Brill intends to invest in further digitizing the program and establishing a strong international distribution of the list providing authors with global visibility and additional services. Brill has its headquarters in Leiden and will maintain the office location in Paderborn, Germany, in addition to the offices in Boston and Singapore.
The acquisition is planned to take effect as per January 1, 2017. The final agreement is contingent upon a positive outcome of the remaining due diligence procedure.
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