19 November 2019
An exchange of signatures took place on 13 November 2019 finalising the sale of EDP Sciences to Chinese Science Publishing & Media (Science Press). This concludes the agreement reached earlier this year by EDP Sciences’ former co-owners, Société Française de Physique, Société Chimique de France, Société Française d’Optique and Société de Mathématiques Appliquées et Industrielles, to sell their interests in their publishing partner to Science Press, the flagship of China’s sci-tech publishing industry. Science Press is 74%-owned by the Chinese Academy of Sciences (CAS).
“As our centenary approaches, we are delighted to secure a sustainable future for EDP Sciences to move ahead with the pioneering work that Marie Curie and her co-founders began in 1920 to serve the publishing needs of the academic community,” said Agnès Henri, Managing Director, EDP Sciences. “Joining forces with Science Press provides EDP Sciences with a golden opportunity to develop as a mid-size open access publisher. This significant investment in our long-term growth will enhance our capabilities and strengthen our ability to serve as a publishing alternative for researchers in a landscape that is increasingly dominated by a handful of major commercial players.”
Science Press publishes books and journals in science, technology, medicine and education.