Magazine article Information Today

Swets Subscription Service Merges with Blackwell's Information Services

Magazine article Information Today

Swets Subscription Service Merges with Blackwell's Information Services

Article excerpt

Blackwell's Information Services has announced the signing of a formal agreement to merge with Swets Subscription Service. This follows the announcement last June of the intention to create a joint venture combining the two companies. Due diligence, tax, and regulatory processes have been accomplished, and completion is anticipated to take place this year.

The new company, formed through the merger, is called Swets Blackwell. Swets is the majority shareholder, and the head office of the new company will be based in the Netherlands.

The merger is between the subscription agency and information services divisions of Blackwell's and Swets. Remaining outside the joint venture are the mail-order and retail bookselling operations of Blackwell, Ltd. and the publishing, document services, psychological tests, and publishers' services divisions of Swets & Zeitlinger BV.

Following the signing of the agreement, Swets Blackwell will implement the agreed-upon plans for the structure of the new company; the integration of personnel, offices, and systems; and the review of the company's services and products. Senior management appointments have been made, and all further appointments will be completed in the coming few months. …

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