Leiden, the Netherlands, and Berlin, Germany, 12 October 2023
(published before stock market opening at 8.00 AM)
Brill and De Gruyter jointly announce agreement is reached to form De Gruyter Brill.
The transaction creates the leading academic publisher in the Humanities and presents a unique opportunity to accelerate organic growth and achieve necessary scale. With pro forma combined revenues of around EUR 134 million and 750 employees, the combination will be well-positioned to offer the best possible service and infrastructure to its communities. The combination will jointly publish well over 3,500 books and 800 journals per year. The enlarged scale will accelerate a transition to Open Access, finance investments in technology for end-to-end workflows and a cutting-edge market-facing (content) platform. Furthermore, it will enable the company to face market challenges, allow more effective sales & marketing and increase the ability to attract and retain talent. The combination of two centuries-old publishing houses will be branded De Gruyter Brill, signaling the importance of the strong heritage and family background of both companies.