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OFT clears OUP’s Nelson Thornes acquisition
24 May 2013
The Office of Fair Trading today cleared Oxford University Press (OUP)’s acquisition of Nelson Thornes.
OUP, which is a department of the University of Oxford, acquired the educational publisher from Infinitas Learning in January 2013 for an undisclosed sum.
Following a four month review, the OFT today gave the green light for the purchase, saying that it has decided on the information currently available to it not to refer it to the Competition Commission under the provisions of the Enterprise Act 2002.
Nelson Thornes has built a reputation as one of the UK’s leading providers of curriculum resources from primary to further education level and of innovative digital products and platforms. Since January it has operated as a stand-alone subsidiary of OUP, with Richard Hodson—formerly a director at OUP—as Managing Director. For the immediate future Richard will continue in that role, and OUP will maintain the Cheltenham office, organization structure, and current staff.
Nigel Portwood, Chief Executive of Oxford University Press, said: “The OFT announcement marks the beginning of an exciting future for us, where the combination of OUP’s and Nelson Thornes’ expertise and resources enables us to provide teachers and students with an even greater choice of high-quality materials.”
For further information please contact Dan Selinger, Communications Manager at Oxford University Press on firstname.lastname@example.org, +44 1865 355037 or +44 7801 652372
Notes to Editors:
Oxford University Press
Oxford University Press is a department of the University of Oxford. It furthers the University's objective of excellence in research, scholarship, and education by publishing worldwide. OUP is the world's largest university press with the widest global presence. It currently publishes thousands of new publications a year, has offices in around fifty countries, and employs some 6,000 people worldwide. It has become familiar to millions through a diverse publishing programme that includes scholarly works in all academic disciplines, bibles, music, school and college textbooks, children's books, materials for teaching English as a foreign language, business books, dictionaries and reference books, and academic journals.
Nelson Thornes was formed in 2000 after a merger between Thomas Nelson, a Scottish publishing house founded in 1798, and Stanley Thornes Publishers, then owned by Wolters Kluwer. In 2007 Bridgepoint purchased the educational division of Wolters Kluwer and formed Infinitas Learning, which operates across several European countries and until OUP's acquisition in January 2013, included Nelson Thornes in the UK. Nelson Thornes has a rich publishing heritage and is one of the UK's leading educational publishers. It covers a broad range of subject areas with its primary, secondary and vocational teaching resources.It is also the creator of Bond, the market-leading solution for 11 Plus exam success. Nelson Thornes prides itself on creating engaging teaching materials – both printed and online – which are designed to inspire students, raise standards and meet teachers' needs.