It was announced on Monday 11th July that Bloomsbury Publishing Plc had successfully acquired the Continuum International Publishing Group. A statement from Bloomsbury said that:
'The Board of Bloomsbury has been looking for a transformational acquisition to act as the cornerstone of its Academic & Professional division. We have successfully acquired and consolidated six acquisitions in our Academic & Professional division over the last five years. Continuum now provides the cornerstone of an enlarged division with critical mass and a solid base for organic growth going forward ... The Continuum lists are highly complementary to Bloomsbury's existing academic lists, offering us both the ability to improve revenue momentum within our Academic & Professional division, especially in the key US market, as well as opportunities for material cost synergies. Earlier this year, Continuum was awarded Independent Publishers' Group Publisher of the Year 2011 and Academic & Professional Publisher of the Year.'
Oliver Gadsby, Chief Executive of Continuum commented:
'Continuum has a leading position in academic publishing, with a thriving backlist, a huge number of authors who are leading authorities in their field, a vibrant digital story, and – above all – an excellent team in London and New York. I am delighted that Continuum is finding a new home with Bloomsbury, a company we all admire. I am confident that the lists and teams of the two companies will make a powerful combination, capable of playing a major role in the academic publishing landscape in the years ahead.'
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