Global publishing company John Wiley & Sons has acquired Hindawi, a London-based publishing house for $298 million.
Hindawi was one of the first publishers to convert its entire journal portfolio to pure open access and has spent the past 10 years developing its experience in this area. Founded in Cairo, in 1997 by Ahmed Hindawi and Nagwa Abdelmottaleb, Hindawi now publishes more than 200 peer-reviewed open access journals under its own brand, plus nine titles under the Wiley Hindawi co-brand. Hindawi’s publishing partnership programme provides systems and expertise to publishers to help them manage their own open access journals.
Open access is a scholarly publishing model that allows peer-reviewed articles to be read and shared immediately, making research broadly available. Hindawi has played a major role in advancing gold open access, an OA model in which validated articles are made immediately available for reading and re-use following the payment of a publication fee.
Hindawi, privately held and headquartered in London, has a portfolio of more than 200 peer-reviewed scientific, technical, and medical journals. For 2020, the company is projected to generate approximately $40 million in revenue with year-on-year growth of 50%. Wiley stated that the addition of Hindawi’s journals doubles its gold OA journal portfolio and will increase author retention by giving researchers more options to publish within Wiley titles.
Wiley’s president and chief executive Brian Napack said: “The acquisition of Hindawi enables Wiley to move farther and faster toward our goal of meeting the world’s urgent and escalating need for new knowledge. Hindawi is a true pioneer in the industry, empowering researchers with a fully digital, user-friendly publishing process that gets their life-changing, peer-reviewed discoveries out into the world faster and more efficiently.”
Paul Peters, Hindawi’s chief executive, will continue to lead Hindawi as part of Wiley’s research business. He said: “Similar to Wiley, we are driven by a mission to advance openness in research, working with researchers, publishers, institutions, and organisations to build a vibrant ecosystem that helps this global community thrive. With Wiley’s commitment to Hindawi and open access, we are excited to accelerate scientific discovery, collaboration, and innovation to maximise the impact of research for future generations.”
Hindawi’s co-founder Ahmed Hindawi added: “We have worked hard with our partners to build one of the world’s largest fully open access publishing platforms. The combined strengths of Hindawi and Wiley will continue to support the evolving needs of the research community in new and innovative ways.”
Hindawi was advised by Houlihan Lokey in relation to the transaction, with DLA Piper acting as legal counsel.
Date published: 8 January 2021