History
Julius Springer founded Springer-Verlag in Berlin in 1842. In 1964, Springer expanded its business internationally, opening an office in New York. Offices in Tokyo, Paris, Milan, Hong Kong, and Delhi soon followed.
The academic publishing company BertelsmannSpringer was formed after Bertelsmann bought a majority stake in Springer-Verlag in 1999. The British investment groups Cinven and Candover bought BertelsmannSpringer from Bertelsmann in 2003. They merged the company in 2004 with the Dutch publisher Kluwer Academic Publishers which they bought from Wolters Kluwer in 2002, to form Springer Science+Business Media.
In 2009, Cinven and Candover sold Springer to two private equity firms, EQT Partners and Government of Singapore Investment Corporation. The closing of the sale was confirmed in February 2010 after the competition authorities in the USA and in Europe approved the transfer.
In 2011, it acquired Pharma Marketing and Publishing Services from Wolters Kluwer.
Read more about this topic: Springer Science+Business Media
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