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The move comes as Japan faces an urgent need for additional labor amid demographic challenges.


Officially closing on January 25, 2024 at an undisclosed deal amount, the acquisition is said to create “a robust end-to-end suite of products and services” in workforce skills testing and development. ETS and PSI say they jointly deliver nearly 50 million tests annually across more than 200 countries around the world to serve governments, institutions, and industry.

The Davos 2024 forum, part of the World Economic Forum, emphasized the critical need for workforce reskilling and upskilling in response to technological advancements and shifting job landscapes. The Future of Jobs Report 2023 predicts significant job transformations, with 69 million new roles emerging and 83 million being phased out, especially in digital, green, and energy sectors.

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