Herder Acquires Parts of Scientific Book Society (wbg)
At the end of the year, Scientific Book Society (wbg) had filed for insolvency. As of January 2, 2024, the publishing house Herder has now taken over parts of the company.
The transaction includes more than 200 available backlist and frontlist titles, the magazines "Archaeology in Germany" and "Ancient World," as well as the "Publishing Services" division. The two magazines will continue to be published as usual, and the wbg, Theiss, Lambert Schneider, and Philipp von Zabern publishing brands will continue to be used for the time being. Herder aims to expand its presence in historical non-fiction and academic books as well as in the Special Interest magazine market through this acquisition. The total turnover of the acquired parts amounts to three million euros.
"Alongside our publishing expertise in the Special Interest magazine sector, we have built up a historical book program in recent years. We will continue to expand our book and magazine program in the future, and wbg fits perfectly with our growth strategy," explains Simon Biallowons, the publishing director of Herder.
"We have sustainably digitized our organizational structure, working culture, and products in recent years. The wbg brands will benefit from this in all processes. We are pleased to be able to offer the former wbg members an exciting and even broader product portfolio," describes Philipp Lindinger, the commercial director of Herder, synergy effects and future perspectives.
wbg had fallen into a liquidity crisis last year due to an unsuccessful IT transition, as well as the current difficult situation in the book trade. On October 10, 2023, the management had filed an application for the opening of insolvency proceedings. "While I had hoped for a complete preservation of the wbg association in Darmstadt, the transfer of parts of the publishing business allows a significant goal of wbg, the promotion of academic knowledge and education, to continue," said the insolvency administrator Julia Kappel-Gnirs from the law firm hww hermann wienberg wilhelm.
The two wbg managing directors/directors Joseph Seidel and Michael Heinrich add: "We are pleased that wbg has found a new publishing home in a renowned house like the Herder publishing house. This is an important signal to all partners and readers who have appreciated the content over the years." Joseph Seidel and Michael Heinrich will support the transformation and integration in the coming months; in addition, Herder plans to conduct talks for a wbg team within the Herder publishing house.