|Advisory sell side:||Park 56 | M&A Advisory
Berlin-based scientific publisher De Gruyter has taken over open research publisher Ubiquity for an undisclosed sum.
The two companies said they will work together to help conduct academic research around the world. The Ubiquity team maintains a "high degree of independence" and c.e.o. founder Brian Hole will continue to work remotely from the London office.
Hole said Ubiquity was “thrilled” to join forces with De Gruyter. He said: “De Gruyter’s Publisher Partner Program is a perfect example of where we can together provide a more comprehensive set of solutions to universities. In particular De Gruyter’s status as a family-owned company gives us and our community a strong assurance of a stable, long-term partnership and investment, with which we can continue to advance our mission in all areas of Open Access and open science.”
Carsten Buhr, managing director of De Gruyter, added: “As a leading publisher of Open Access journals and books, we are excited to welcome Ubiquity to De Gruyter. Ubiquity brings a great team, technology, as well as valuable experience in providing open research publishing services to De Gruyter. Ubiquity’s offering perfectly complements our own Open Access mission and publishing services portfolio – I look forward to working together.”
Source: Park 56
Source: The Bookseller