Element Fleet Management acquires Israeli fleet and mobility company Autofleet for $110 million
Acquiring Company
Element Fleet Management
Acquired Company
Autofleet
TorontoAutomotiveConsultingFleet ManagementSoftwareFleet Managementinformation technology & servicesDescription
Element Fleet Management has successfully completed the acquisition of Autofleet, an Israeli fleet and mobility company, for $110 million. This strategic acquisition is expected to fast-track the modernization of Element’s digital capabilities, enhance its scalability, and ultimately deliver increased value to clients and shareholders. Post-acquisition, Autofleet will continue to operate independently and focus on developing innovative solutions to meet the evolving needs of fleets across various industries.
Quick answer
Element Fleet Management is acquiring Autofleet for $110 million, announced August 19, 2024. Element Fleet Management is based in Toronto, Ontario, Canada.
- How much did Element Fleet Management pay for Autofleet?
- The reported deal value is $110 million.
- What does Element Fleet Management do?
- Element Fleet Management is a leading Canadian leasing and fleet management firm dedicated to providing innovative and sustainable fleet management solutions.
- Where are Element Fleet Management and Autofleet based?
- Element Fleet Management is based in Toronto, Ontario, Canada.
- Who are the decision-makers at Element Fleet Management?
- Fundz holds 2 contacts at Element Fleet Management. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Element Fleet Management, and when
When Element Fleet Management changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Element Fleet Management raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Element Fleet Management, from your own LinkedIn network
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Frequently asked
Who acquired Autofleet?
Autofleet was acquired by Element Fleet Management, based in Toronto. The deal was reported on August 19, 2024. Element Fleet Management is a leading Canadian leasing and fleet management firm dedicated to providing innovative and sustainable fleet management solutions. Element Fleet Management is publicly traded (ELFTY) and operates in Automotive.
When did Element Fleet Management acquire Autofleet?
Element Fleet Management's acquisition of Autofleet was reported on August 19, 2024. Element Fleet Management has successfully completed the acquisition of Autofleet, an Israeli fleet and mobility company, for $110 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Autofleet do?
Autofleet is the leading optimization platform for fleets and mobility operators. It is privately held, operating in Software.
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