.
MergerLinks Header Logo

New Deal


Announced

Completed

Bird completed the acquisition of Spin from TIER Mobility for $19m.

Financials

Edit Data
Transaction Value£15m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

Domestic

Majority

mobility solutions

Transportation Services

electric bikes

United States

Friendly

Private

Completed

Single Bidder

Synopsis

Edit

Bird, an electric vehicle company, completed the acquisition of Spin, a shared electric bike and scooter operator, from TIER Mobility, a shared micromobility provider, for $19m. "We are excited to join forces with Bird, an innovative brand and a pioneer in micromobility. Together Bird and Spin create a powerful player in the North America market -- one that is focused on responsible partnership, bringing reliable alternative transportation options to the communities we serve, and creating a more sustainable future,” Philip Reinckens, Spin CEO.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US