Element Acquires Autofleet
August 15, 2024
Element has made an exciting move, acquiring Autofleet, an innovator in mobility and optimization solutions for the fleet industry. This acquisition is set to bring Element’s strategic vision to life, transforming the client experience and accelerating their digital roadmap.
A powerful partnership of two purpose-driven, client centric organizations
“Having previously worked with Autofleet and witnessed the common culture, commitment to clients, and focus on delivering impactful results that our two companies share, we are thrilled to welcome them to the Element organization as an integral part of our business," commented Laura Dottori-Attanasio, President and CEO, Element. "We are confident their expertise will enable us to fast-track the modernization of our digital capabilities, enhance our ability to scale our core business more quickly, and ultimately deliver increased value to our clients and shareholders."
Founded in 2018, Autofleet brings a talented team of 70 professionals, including developers, engineers, and data scientists. They have established a robust fleet optimization technology platform alongside tailored mobility solutions for the fleet industry. Autofleet will continue to operate independently, continuing to focus on developing innovative solutions that meet the evolving needs of fleets across a variety of industries.
Evolving for the future mobility landscape
“This partnership represents a powerful alignment of two companies with shared aspirations and cultures, and enables us to leverage Element’s commercial organization and leadership to accelerate new growth areas for the business,” stated Kobi Eisenberg, Chief Executive Officer of Autofleet. “We are incredibly proud to join forces with Element, a company that shares our commitment to advancing intelligent solutions within the fleet and mobility industries.”
By integrating Autofleet’s scalable digital technology with Element’s extensive operating scale and financial resources, Element will expand their digital capabilities. This means not only improved digital tools, but also a faster-paced growth trajectory, allowing Element to seize new opportunities in the changing mobility landscape and fluidly adapt to clients' evolving demands. Additionally, Element anticipates that the acquisition will drive new growth opportunities for AutoFleet by leveraging Element's operational scale, resources, and commercial organization.
A Purpose-driven acquisition
Element anticipates that the combination of its own scale and established market leadership, with Autofleet's digital, data, and cloud capabilities, will strategically position it to accelerate their ability to Move the world through intelligent mobility.
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