International Thomson Organization (ITO) was a Canadian
holding company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...
that was active from 1978 to 1989, with interests in publishing, travel, and natural resources. It was created as a part of a corporate restructuring of the Thomson Organization, originally founded by
Roy Thomson, 1st Baron Thomson of Fleet
Roy Herbert Thomson, 1st Baron Thomson of Fleet, (5 June 1894 – 4 August 1976) was a Canadian-born British newspaper proprietor who became one of the moguls of Fleet Street in London.
He first came to prominence when he was selling radios in ...
in 1959. It merged with Thomson Newspapers to become the
Thomson Corporation
Thomson Corporation was one of the world's largest information companies. It was established in 1989 following a merger between International Thomson Organization and Thomson Newspapers. In 2008, it purchased Reuters Group to form Thomson Reut ...
in 1989.
History
ITO was formed in 1978 to serve as the new corporate parent for Thomson's global operations. This coincided with the relocation of its operating base from Britain to Canada, so that it would not be subject to British monopolies legislation, foreign-exchange controls and dividend limitation.
Under Roy Thomson's son
Kenneth Thomson, ITO sold its natural resources and continued expanding in publishing and media.
In 1980, Thomson acquired
Jane's
Janes is a global open-source intelligence company specialising in military, national security, aerospace and transport topics, whose name derives from British author Fred T. Jane.
History
Jane's Information Group was founded in 1898 by Fred ...
, an publishing company specializing in military intelligence. In 1981, it acquired the publishing operations of
Litton Industries, including the ''
Physicians' Desk Reference''.
By 1986, International Thomson had acquired business publisher Warren, Gorham & Lamont; legal publishers Callaghan & Company and Clark Boardman; and automotive publishers
Ward's. Other publishers acquired include
Gale
A gale is a strong wind; the word is typically used as a descriptor in nautical contexts. The U.S. National Weather Service defines a gale as sustained surface wind moving at a speed between . ,
Mitchell, and Thomson & Thomson. In 1988, ITO acquired the British company Associated Book Publishers, which included
Sweet & Maxwell
Sweet & Maxwell is a British publisher specialising in legal publications. It joined the Associated Book Publishers in 1969; ABP was purchased by the International Thomson Organization in 1987, and is now part of Thomson Reuters. Its British ...
,
Chapman & Hall, The Law Book Company of Australasia, and
Routledge
Routledge ( ) is a British multinational corporation, multinational publisher. It was founded in 1836 by George Routledge, and specialises in providing academic books, academic journals, journals and online resources in the fields of the humanit ...
. In 1989, ITO acquired Lawyers Cooperative Publishing, including subsidiaries Bancroft-Whitney and Research Institute of America.
References
Thomson Reuters
Defunct companies of Ontario
Holding companies established in 1978
Publishing companies disestablished in 1989
Publishing companies established in 1978
1989 disestablishments in Ontario
Canadian companies established in 1978
Canadian companies disestablished in 1989
1978 establishments in Ontario
1989 mergers and acquisitions
Companies formerly listed on the Toronto Stock Exchange
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