Sun Venture has acquired PSB Academy for an undisclosed amount, marking a significant corporate transaction in Singapore's education sector. PSB Academy, one of Singapore’s leading private education institutions, boasts a 60-year heritage and has educated over 200,000 learners. Known as “Asia’s Future Academy,” it is committed to defining its identity by providing quality education focused on performance in the New Economy.
Established in 1964, PSB Academy originated under Singapore’s Economic Development Board and later the Productivity and Standards Board, with a foundational mission to upgrade the knowledge and skills of the national workforce. Today, the institution hosts over 20,000 students annually from more than 50 nationalities, offering a comprehensive suite of certificate, diploma, degree, and short courses. Its strong network of industry partners is crucial in preparing graduates with the necessary skills and tools to stay relevant in a digitally-driven economy. This acquisition represents a strategic move for Sun Venture, expanding its portfolio and establishing a significant presence within the private education landscape.
The acquisition is expected to generate significant synergies by combining PSB Academy's proven educational model, extensive student base, and established brand with Sun Venture's strategic oversight. PSB Academy's unwavering focus on shaping future-ready graduates and its deep industry connections are anticipated to be further strengthened and potentially scaled under the new ownership. The combined entity aims to continue PSB Academy's legacy of delivering relevant and high-quality education, with an outlook towards enhancing its offerings and expanding its reach to meet evolving demands in the dynamic global education market.