M&A Deal Summary

Element Acquires Autofleet

On August 14, 2024, Element acquired internet software and services company Autofleet

Acquisition Highlights
  • This is Element’s 1st transaction in the Internet Software and Services sector.
  • This is Element’s 1st transaction in Israel.

M&A Deal Summary
Date 2024-08-14
Target Autofleet
Sector Internet Software and Services
Buyer(s) Element
Deal Type Add-on Acquisition

Target

Autofleet

Tel Aviv, Israel
Autofleet is a fleet and mobility solutions platform that streamlines and automates operations across industries, maximizing efficiency and customer experience. Autofleet is based in Tel Aviv, Israel.

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Buyer(S) 1

Buyer

Element

Toronto, Ontario, Canada
Category Company
Founded 2007
Sector Financial Services
Employees2,700
Revenue 2.6B CAD (2023)
DESCRIPTION

Element is a provider of equipment finance companies. Element operates across North America in four verticals of the equipment finance market – Commercial & Vendor Finance, Aviation Finance, Railcar Finance and Fleet Management. Element was founded in 2007 and is based in Toronto, Canada.

DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Israel) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-07 PHH Arval

Sparks, Maryland, United States

PHH Arval provides fleet management services. PHH Arval was founded in 1946 and is based in Sparks, Maryland.

Buy $1.4B
Mergr

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