Amazon acquires publishing business of Tata-owned Westland
Amazon today said it is acquiring the publishing business of Tata-owned Westland for an undisclosed sum.
The acquisition will enable authors of Westland, a subsidiary of Tata Group firm Trent, to grow their physical and digital book businesses in India as well as expand their reach to customers globally, Amazon said in a statement here. Earlier this year, the online marketplace had acquired a 26 percent stake in the Tata-owned publishing company.
Amit Agarwal, vice-president and country manager at Amazon India said:
“In just three years we have built India’s largest online store that customers can trust to find, discover and buy anything online. Our acquisition of Westland continues our commitment to India—enabling Amazon to bring Westland’s highly talented authors and their books to even more customers in India and around the world. Since investing in Westland earlier this year, we have built a great relationship with the company and its authors. With this acquisition, we are very excited to take our relationship with Westland to the next level.”
Westland has a history of over 50 years in retail, distribution and publishing. It is an amalgamation of two companies, Westland Books and EastWest Books (Madras).
“Amazon’s roots are in books and we are excited to be part of that team in the next phase of our journey,”
Westland CEO Gautam Padmanabhan said.
Currently, Westland is one of the top five English-language trade publishers in the country and its imprints include Tranquebar Press (for literary fiction and non-fiction), EastWest (focusing on South Indian heritage) and Westland (for trade books, both fiction, and non-fiction).