Dott and TIER, two providers of shared e-scooters and bicycles, reached a preliminary agreement to bring the two companies together to jointly become the largest European micromobility operator, they announced on Wednesday.
The merger is subject to several conditions, and will be only effective if they have all been fulfilled, which is expected in about two months, the companies said.
"We are very optimistic about the future of shared micromobility. Cities are adapting to reduce car dependency, and encouraging people to make sustainable transport choices," said Henri Moissinac, Co-Founder and CEO of Dott, in a press release.
"We have built a service that users love, operated in a responsible way. By bringing TIER and Dott together, we are well positioned to capture the next phase of growth and further accelerate our path to profitability," he added. "We are creating the European champion that will provide the best experience to our users, carefully integrated into the cities we operate in."
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TIER is a German company, while Dott is from the Netherlands. Together, they account for about 125 million journeys per year and a turnover of €250 million. The company's headquarters will be located in Berlin, and Tier's and Dott's current directors will become chairman and CEO, respectively.
They are active in more than 20 countries, including Belgium. Dott currently has e-scooters or bicycles in Aalst, Brussels, Charleroi, Ghent, Liège and Namur. Tier is also an important player in Charleroi and Liège, and will still be active in Brussels for a few weeks.
Just before Christmas, the Brussels-Capital Region Government decided that Dott and Bolt would be the only two companies still allowed to offer their shared e-scooters in the city from 1 February.
By that date, the five other operators will have to take their fleet off the streets as the Brussels authorities want to limit the number of shared e-scooters on the streets to 8,000 (compared to over 20,000 currently in circulation).
