Translink Corporate Finance acted as the exclusive advisor to the owners of Finnish growth company, Studeo in the majority ownership sale to global education materials publisher, Klett Group. With the transaction, Studeo will receive access to additional resources for the publishing of educational materials and development of the company.

Studeo is a Finnish growth company focused on digital learning materials and interactive learning platforms. Studeo has created its success by developing a unique service that combines high-quality digital learning materials, pedagogical design, and technology developed by Studeo. The company has grown profitably, and today the annual turnover is more than five million euros.

Klett Group is one of Europe’s leading educational companies. A 125-year-old German family business, Klett employs 9,441 people globally, operates in 19 countries and owns kindergartens, schools, as well as more than 40 publishing companies.

“We are excited to have Studeo as part of the international Klett Group. Each acquisition offers us an exciting opportunity to learn new things and grow. This acquisition is a dream come true for us and we are happy that we can serve teachers, students, and their guardians in Finland. For us, this is a wonderful opportunity to learn from the world’s most inspiring education system,” said David Klett of Klett Group.

As a buyer, Klett Group is committed to Studeo’s growth and developing the quality, supply, and sales of digital learning materials together with Studeo. The new owner provides Studeo with unique and decades-accumulated know-how from the educational materials market in more than 20 countries.

“The Studeo team has done a great job for several years in the development of digital learning materials. With uncompromising work, we have been able to raise the level of digital learning materials in Finnish schools and push the entire industry forward. We are happy to have found a partner who shares a similar world of values ​​and the desire to develop solutions to better support learning and teaching. As part of the Klett family, we are even stronger to make Studeo an international success story”, concluded Jukka Meklin, CEO of Studeo.

The founder and main owner of the company, Oskari Lehtonen, and the investors who supported the company in its early stages, will sell the majority of their ownership to Klett Group in connection with the transaction. The company’s executive management, Jukka Meklin, Mari Soikkeli, Tuukka Toivonen, and Miikka Salavuo, will own part of the company even after the transaction and will continue managing the company.

“Translink’s role as an advisor has been extremely important to us in the realization of the acquisition. Translink’s team has been very professional, flexible, and able to find solutions even in the toughest situations. From the management’s point of view, Translink has been an invaluable help,” said Jukka Meklin, CEO of Studeo.

“I am very satisfied with Translink’s work: the project was completed elegantly despite the challenging market situation, and throughout the process I felt that we were in capable hands. In addition, Translink’s international offices brought many good international parties into the process,” concluded  Oskari Lehtonen, founder and largest owner of Studeo.