US: Genius Group acquires University of Antelope Valley
Singapore-based ed tech company Genius Group has acquired California-based University of Antelope Valley (UAV).
This is the final of the four IPO acquisitions by Genius following its IPO on the New York Stock Exchange in April.
UAV was founded in 1997 and offers vocational certifications, associate degree and degree programmes. Genius stated it plans to grow the university campus and build a metaversity – a digital twin of UAV in the metaverse to deliver tertiary education globally.
Genius Group caters to more than 2.9 million students in 200 countries, ranging from primary and secondary school students to start-up founders and experienced entrepreneurs.
Founders of UAV, Marco and Sandra Johnson, stated: “We are so excited about the additional resources, students and faculty members that Genius Group can bring to University of Antelope Valley. Roger has a futuristic vision for UAV and we can’t wait to see where he takes the community and campus with his plans.”
Roger James Hamilton, founder and chief executive of Genius Group, said: “UAV has established itself as a landmark centre of learning within the City of Lancaster Marco and Sandra have created an incredible campus team, faculty and student community. We share the same vision of creating an entrepreneurial education that prepares students for the 21st century, and I am looking forward to what we will achieve together in the coming years.”
This agreement concludes more than $50 million in acquisitions that Genius Group has completed since its listing. Three other acquisitions include New Zealand-based Education Angels and UK-based Property Investors Network which both closed on 30 April, and South Africa-based E-Squared Education Enterprises which closed on 30 May.