BERLIN – May 30, 2008 – EBSCO Information Services has acquired Minerva Wissenschaftliche Buchhandlung GmbH (Minerva), of Vienna, Austria, from Springer-Verlag GmbH & Co., a subsidiary of Springer Science+Business Media (Springer). Founded in 1909, Minerva has a well established tradition for providing exceptional service to libraries in the areas of serials management and monograph orders, complementing very well the EBSCO portfolio of products and services. Minerva is the leading subscription agency in Austria and Hungary and has business operations throughout Central and Eastern Europe.
Allen Powell, president of EBSCO Information Services, commented on the recent acquisition. He said, "We are pleased to welcome Minerva to the EBSCO family. Minerva has an outstanding reputation for providing a high level of service to their clients, which fits perfectly with EBSCO’s core value of excellent customer service."
This new business opportunity resulted from Springer’s efforts to streamline its activities and focus on its core business of publishing.
Georg A. Stern, director and operations manager at Minerva, stated, "Joining the EBSCO network will enable us to offer improved services to our clientele, particularly in the areas of online journals and databases. In addition to further securing the long-term best interest of our customers, this acquisition is beneficial as it places us in an organization where our core business mirrors that of the overall core business activity."
EBSCO will continue Minerva operations in Vienna. Accordingly, Minerva customers will retain their current customer service contacts and, therefore, should expect no change in their existing high-quality service.
About EBSCO Information Services
Partnering with a broad range of clients, including libraries and their patrons, research institutions, publishers, corporations and business communities, EBSCO Information Services is the world’s only full-service provider of information. Also known as the industry’s "e" agent, the Company offers a portfolio of services that spans the realm of print and electronic subscription access and management, research databases, and more.
EBSCO maintains a Dun & Bradstreet financial strength rating of 5A1, the highest awarded, which underscores its commitment to providing best-in-class products and services and conducting business within an ethical environment. For more information, please visit www.ebsco.com.
About Minerva Wissenschaftliche Buchhandlung GmbH
Minerva Wissenschaftliche Buchhandlung GmbH is the number one library supplier in Austria and Hungary and one of the leading library suppliers in all of Central Europe, its core area of concentration.
The Company serves a significant role in the industry as a liaison to both publishers and information agents and provides its customers with local representation in the Czech Republic and Poland.
In addition to print products, allocating online access to e-journals and e-books is becoming a rapidly growing business segment to the Company as is the administration of consortia. The Minerva organization has been in business for almost 100 years and will celebrate its centennial anniversary in 2009.