“Merger of Tier and Dott: A Response to Unfounded Speculation”
Deal Dive: Tier and Dott’s merger is not a sign of what’s to come in M&A this year Consolidation can be complicatedEarlier this week, European micromobility companies Tier and Dott said they had agreed to merge.
The companies hope they can become profitable if they work together, my colleague Romain reported.
This seems like a solid outcome for the two startups, since they likely weren’t going to reach IPO scale on their own.
After all, if the companies weren’t going to survive as solo entities, it makes sense to at least try another direction.
Last year I came up with a hypothesis about M&A in 2024; I was inspired by Getir acquiring FreshDirect to fill a gap it needed to potentially reach profitability.
