Bird Global Acquires Spin from TIER Mobility

September 19, 2023

Bird Global, Inc. acquired Skinny Labs, Inc. (doing business as Spin) from Berlin-based TIER Mobility for $19 million in a deal that included $10 million cash upfront, $6 million vendor take back and $3 million holdback. The acquisition makes Bird North America’s largest micromobility operator by market share, adds Spin’s ~60,000-vehicle fleet and ~50-city footprint, and is expected to deliver more than $20 million in synergies and be immediately accretive to earnings.

Buyers
Bird Global, Inc.
Targets
Skinny Labs, Inc. (Spin)
Sellers
TIER Mobility
Industry
Transportation
Location
California, United States
Transaction Type
Buyout

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