TIER completed the acquisition of nextbike.

TIER, a shared micro-mobility provider, completed the acquisition of nextbike, a bike-sharing service company. Fianncial terms were not disclosed. "The acquisition of nextbike - with its unrivalled experience and relationships across hundreds of cities - is a unique opportunity to take bikeshare to the next level, getting more people out of cars and offering the most sustainable mobility solution. I have always held a deep belief in the transformative power of bikes in cities - and it is great to see the bike market is growing rapidly. Our shared values of sustainability and respect for cities across two strong leadership teams, underpinned by TIER's financial backing and capital efficiency, present an unstoppable, joint mission to change mobility for good," Lawrence Leuschner, TIER CEO and Co-Founder.