Genius Group has signed an agreement to acquire Property Investors Network (PIN) for US$15m (£10.8m).

PIN, founded by Simon Zutshi in 2003, has grown to become the one of largest property networking organisation in the UK.

The company connects new and experienced property investors to share their knowledge and experience, with monthly PIN meetings in cities across the country. The firm provides a range of learning, networking and training opportunities, delivered physically and remotely across the UK, designed to encourage investors to buy residential property.

Roger James Hamilton, founder and CEO of Genius Group, commented: “The COVID-19 crisis has resulted in record job losses and bankruptcies. However, we are also seeing many small business owners and investors finding opportunity and growth in the crisis. We share pin’s mission of providing education and resources to business owners and investors at a time when people need it most.”

Following the acquisition, Genius Group and PIN will expand its monthly property investors network meetings to more cities. It will also provide financial literacy and property investing courses to students through Genius Group’s secondary school and university programmes, as well as the GeniusU edtech platform.

Zutshi, who will remain CEO of the property investors network following the acquisition, said: “With property investors network having consolidated its market leading position in the UK over nearly two decades, I look forward to working with Roger and the team at Genius Group to leverage this success within the global market to empower property entrepreneurs all over the world.”