Oslo, Norway, and Tampere, Finland
Published March 26 2024
Keystone Education Group (Keystone) has announced today the acquisition of global education providers, Edunation and Asia Exchange.
Fredrik Högemark, CEO of Keystone, said, “This is a landmark moment in the history of Keystone, opening the door for millions of students to study opportunities in Asia, Europe, and Latin America.
“Last year, 120 million students used Keystone as part of their study search journey, and over 70,000 directly enrolled into a program through our services. With the help of Edunation and Asia Exchange, we expect to support thousands more in 2024 and beyond.
“These students will benefit from access to an expanded range of programs, including gap years, study abroad, pathways, and full degrees.
“We have built a strong network of international education agencies across Europe, and now it is time to take the next step in our global strategy by expanding further into the Asia-Pacific region,” he said.
Founded by Harri Suominen and Tuomas Kauppinen, Asia Exchange was established in 2007 to help others benefit from the “life-changing experience” of studying abroad - inspired by their own experiences as exchange students in Asia during the mid-2000s.
Ten years later, they launched Edunation in 2017, providing pathways to work and study in the founders’ native Finland, and it has grown quickly to become the nation’s leading provider in recruiting foreign students to Finland.
“We are proud and humbled to be able to join a global powerhouse in the field of international education, especially one with roots in the Nordics,” said Suominen.
“Asia Exchange will bring substantial strategic benefits to Keystone Education Group as the Asia authority of study abroad with a unique model enabling accessible study abroad for the many, not the few. Edunation has been committed to revolutionizing international student recruitment, guided by a vision of creating pathways for students worldwide to access high-quality education opportunities in the Nordics.
“With Keystone, we will further elevate our services and offerings to students, educational institutions, and partners throughout the Nordics and beyond. We are excited to welcome more international talents to the happiest countries in the world. Together, we will make a true impact,” he said.
For press queries, please get in touch with:
Ashlee-Maree Courtney-Eman, VP Corporate Marketing
Email: ashlee@keg.com
Phone: +47 475 13 692
For investor queries, please get in touch with:
Kenneth Nyhus Hanssen, Chief Financial Officer
Email: kenneth.hanssen@keg.com
Phone: +47 413 52703
Fredrik Söderlindh, Head of M&A
Email: fredrik.soderlindh@keg.com
Phone: +46 707 976 595
|
About Keystone Education Group Keystone is trusted by more than 120 million students annually, helping them pursue higher education. In turn, Keystone helps over 5500 education institutions reach, recruit, and enroll prospective students in more than 190 countries across 500+ student websites, including Masterstudies.com, Bachelorstudies.com, Fernstudium.ae, Studentum.se, and FindaPhD.com. Keystone also operates a range of global student recruitment services including UniQuest, Blueberry, SONOR, and Keystone Sports. Headquartered in Oslo, Norway, Keystone is backed by Viking Venture and Verdane, two leading Nordic venture firms. Keystone has more than 800+ employees worldwide, with offices across the Nordics, Germany, Spain, and the UK. |
|
|
About Asia Exchange and Edunation Asia Exchange provides access to study abroad in unique destinations in Asia. We focus on affordable semesters abroad, summer and language schools, and full degrees. We offer study-abroad opportunities also in Europe and Americas via Beyond Abroad. All programs are conducted in English, and all come with one day acceptance process. Edunation helps students to reach their professional ambitions, by helping them to gain world-class education and career. We help students from around the world to have access to Nordic education system and lifestyle, through our pathway and university collaboration. |