Today, Lyft announced that it signed an agreement to acquire PBSC Urban Solutions, a global supply leader for bikeshare equipment and technology. Since 2008, PBSC has deployed 7,500 stations and 95,000 bikes to 45 markets and 15 countries. This acquisition roughly doubles Lyft’s scale in micromobility by leveraging PBSC’s deep sales experience and customer relationships. The transaction is expected to close in the 2nd quarter of 2022, subject to customary closing conditions.

Lyft Announces Agreement to Acquire PBSC Urban Solutions, a Pioneer and Global Leader in Bikeshare Systems