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Deal Dive: Tier and Dott’s merger is not a sign of what’s to come in M&A this year
M&A is expected to rise in 2024, but we won't likely see a lot of consolidation among startups that wouldn't make it on their own.
Earlier this week, European micromobility companies Tier and Dott said they had agreed to merge. 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. I ran my hypothesis by some M&A lawyers to see if it aligned with what they were seeing, and while they expect M&A activity to increase this year, they actually think deals like the one between Tier and Dott will be few and far between.
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