Element Fleet Management to acquire Autofleet.

Element Fleet Management, an automotive fleet manager, agreed to acquire Autofleet, an innovator in fleet and mobility solutions. Financial terms were not disclosed. “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. 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," Kobi Eisenberg, Autofleet Chief Executive Officer.