Tier, a European micro-mobility specialist, plans to expand its presence in Central and Eastern Europe following the acquisition of Makery.
Tier has not disclosed terms of the deal but it has been working with the Budapest, Hungary-based software development company over the past few years.
The acquisition provides Tier with a technology centre outside of its existing offices in Berlin and London.
The company also plans to launch its scooters in Budapest this year alongside other cities in the region.
According to a statement, the Makery’s 27-strong team will join Tier and take responsibility for consumer-facing products.
Matthias Laug, co-founder and chief technology officer of Tier, says: “The whole team is a great addition to our expertise and we’re very happy to have them on board. Our plan is to expand the number of employees in the upcoming months with more local talent as well as team members who work remote from all over the world.”
András Kindler and Gyula Vörös, co-founders of Makery become vice presidents engineering for Tier.
Fellow founder Balázs Zsédely also joins the management team as Tech Hub director.
Zsédely says: “Mobility and sustainability were always among our focus areas, and TIER brings the best of both worlds. We will have the unique opportunity to change mobility for good, from the heart of Budapest.”
Tier announced a $250 million round led by SoftBank Vision Fund in November.
The company said the funds would go towards further expansion.