Springer sells B2B construction activities to London-based GMT

GMT Communications Partner III LLP acquires the construction activities of Springer Science+Business Media. As GMT is already active in the field of construction information, the B2B activities are to be allowed to pursue opportunities in this market in a more targeted manner and with increased support.Springer's construction division (B2B Construction) offers business-to-business information and solutions for the construction industry in several European countries and includes companies in Germany, Austria, Switzerland and Central and Eastern Europe. Springer has announced that Springer Science + Business Media Schweiz AG will be sold in this country, with the exception of Media-Daten AG, which also includes Werbewoche. This will be integrated into Springer's B2B Business, Technology, Transport division.
GMT, which specializes in the media and communications industry, is already a shareholder in Docu Group AG, which is also active in the field of construction information. With B2B Construction, GMT is expanding its activities in this area.
GMT plans to appoint Peter Schmitz as CEO of B2B Construction. He is currently responsible for the Docu-Group business. Stefan Rühling, current Executive Vice President of B2B Construction, has decided to leave the company and Monica Sawhney, currently CFO/COO, will continue to hold this position.