By Porter Anderson, Editor-in-Chief | @Porter_Anderson
‘Separating Presents SPS With New Opportunities’
Media messaging today (November 3) from SPi Global‘s world headquarters in the Philippines’ Paranaque City announces its acquisition of Scientific Publishing Services (SPS) from the Springer Nature Group.
The deal is anticipated to close by the end of the year and is subject to regulatory approval.
SPS is a provider of publishing services for science, technology, medical, humanities, and social-science book and journal producers. Its offerings reportedly include knowledge process outsourcing for finance and marketing operations.
The company is described as operating six delivery centers with 3,600 full-time employees based in Chennai and Trichy in India. “These will join SPi Global’s multi-geographic footprint,” announcement copy reads, “with headquarters in the Philippines and a presence in seven other countries: India, the United States, Vietnam, Nicaragua, China, the United Kingdom, and Singapore.” The total employee count is listed as comprising 13,500 people.
In a prepared statement, SPi Global president and CEO Ratan Datta is quoted, saying, “The acquisition of SPS is a major step in our strategic plan to be the definitive leader in content technology and knowledge services industries.
“The strength of SPS in print and digital publishing production services enhances SPi Global’s proven expertise in this area. In addition, SPS complements SPi’s sophisticated suite of solutions built for data-discovery and smart content in STM publishing, financial, legal and a wide spectrum of professional content segments.”
And speaking for Springer Nature, the group’s CFO, Ulrich Vest, talks of SPi Global as “a good home” for SPS, “given the company’s strengths, capabilities, and corporate culture.
“We have been working with SPi for 15 years now and have developed a strong relationship founded on mutual trust and confidence. SPS and SPi Global have complementary skills and knowledge which will enable them to serve a wider clientele.
“We must thank our colleagues at SPS, who have been an important part of our business for more than, 20 years under the esteemed leadership of the late Sharad Wasani, using deep subject matter expertise to deliver excellent services to enable us to serve a demanding and sophisticated market.
“Separating from Springer Nature presents SPS with new opportunities so that they can continue to build on their success.”
Financial details of the transaction are not announced in today’s messaging.
SPi Global reports that its clients are in 30 countries, its offerings being provided from 20 of those nations. It focuses on data services, content technology, and “subject matter expertise” to companies it says are in various fields of research, learning and education, finance, healthcare and life sciences, media, and retail.
Below is a promotional video in which SPi Global relates its services to consumer-level needs and uses.
More from Publishing Perspectives on international mergers and acquisitions is here.