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Europe’s Scooter Firms Said to Talk Mergers as Lime Expands (1)

Feb. 11, 2019, 12:49 PM

Europe’s scooter startups Tier Mobility and Voi Technology AB have held early-stage discussions to combine their operations, in response to the impact of larger U.S. rivals on the continent, according to people familiar with the discussions.

The talks, which started in November, recently stalled after Voi concluded that it could continue its growth independently, one person said. All of the people asked not to be identified discussing private plans.

Fredrik Hjelm, chief executive officer of Voi, said via email that “other local players” had approached the company for merger talks, but declined to comment further on the discussions.

Voi scooters.
Source: Voi

Lawrence ...