Wolters Kluwer Health acquires Indian open access STM journal publisher
13 December 2011
Medical infoprmation publisher Wolters Kluwer Health today said that it had acquired Mumbai-based publisher of scientific, technical and medical journals Medknow Pvt Ltd, for an undisclosed sum.
Wolters Kluwer Health, a provider of information and business intelligence for students, professionals and institutions in medicine, allied health and pharmacy, , hopes to gain a foothold in iopen access publishing through this acquisition, since Medknow is one of the largest open access publishers in the world.
It also furthers the company's growth strategy of continued investment in international expansion in key emerging markets across the globe.
"The acquisition expands Wolters Kluwer Health's Medical Research business' presence in key developing markets and supports its strategy to increase locally written content and incorporate more open access platforms into its business model, " Wolters Kluwer Health said in a statement.
For Wolters Kluwer Health customers, the deal means expanded access to medical content in more markets around the world. Medknow's journals will join an extensive portfolio of nearly 300 practitioner journals, including those which are published by Wolters Kluwer Health's Lippincott Williams & Wilkins brand and additional journals made available through our society partnerships.
Wolters Kluwer Health is part of Euronext-listed global information services provider Wolters Kluwer, which reported 2010 annual revenues of €3.6 billion.