Berlin's Greentech Alliance to acquire Paris-based mobility network Intermobility
Greentech Alliance, a Berlin-based network for sustainable technology businesses, has agreed to acquire Intermobility, a Paris-based transport and mobility network. The combined network would span more than 5,000 members and partners in 25 countries.
Greentech Alliance (GTA), a Berlin-based global network for sustainable technology businesses, has agreed to acquire Intermobility, a Paris-based transport and mobility network. The deal concerns a sector where startups look for contacts with investors and cities, and it was reported by the news site EU-Startups.
What is being combined
GTA is described as a global connection network for companies working in sustainable technology. Intermobility links more than 1,000 companies, public authorities and other ecosystem players in transport and mobility.
Once the two are combined, the resulting organisation would cover more than 5,000 members and partners across 25 countries on six continents. The source says the network connects climate investors with businesses, but the rest of that description is cut off in the available excerpt.
What it means for mobility startups
The headline of the original publication indicates that the aim of the merger is to help mobility startups connect with investors and cities. The financial terms of the deal and the timeline for completing it are not given in the available source text.
