European e-scooter operator TIER Mobility explores merger - Sky News

Rothschild & Co SCA

01/05/2023 20:26

May 1 (Reuters) - Berlin-based e-scooter operator TIER Mobility is working with bankers
at Qatalyst Partners for a potential merger or sale with a rival, Sky News reported on Monday.
    The talks come months after TIER was said to be working with Rothschild  ROTH.PA  to raise
hundreds of millions of pounds of additional funding, the report added. The talks, however, did
not produce satisfactory terms for TIER, the report said, citing industry sources.
    TIER Mobility and Qatalyst Partners did not immediately respond to Reuters requests for
comment.
    In 2021, the Softbank-backed TIER bought bike-sharing firm Nextbike to create Europe's
largest provider of shared lightweight vehicles.
    TIER Mobility operates in 10 countries and employs about 900 people, according to its
website. 

 (Reporting by Baranjot Kaur in Bengaluru; Editing by Shailesh Kuber)
 ((Baranjot.Kaur@thomsonreuters.com; +91 86990 46242;))