Synergies upwards of $20 million and key profitable markets including Washington D.C., Baltimore, MD and Salt Lake City UT.
Combined, Bird will serve approximately 350 markets globally with over 200,000 vehicles
MIAMI–(BUSINESS WIRE)–Bird Global, Inc. (NYSE:BRDS), (“Bird” or the “Company”) a leader in environmentally friendly electric transportation, today announced it has acquired shared electric bike and scooter operator Skinny Labs, Inc, (doing business as Spin) from Berlin-based TIER Mobility. The transaction makes Bird the largest micromobility operator in North America by market share1 and is expected to be immediately accretive to earnings. Spin is now a wholly-owned subsidiary of Bird Rides, Inc. The purchase price was $19 million, including $10 million in…
Source link