Canadian company Element Fleet purchased the Israeli Autofleet for approximately 110 million

The Canadian company Element Fleet, traded on the Toronto Stock Exchange, purchased the Israeli company Autofleet for approximately 110 million dollars.

Element Fleet is the world's largest public international fleet management company and manages over 1.5 million vehicles worldwide. Autoflyt was founded in 2018 by Kobi Isenberg and Dor Shay, and employs about 70 employees who will continue to work for the company which will continue to operate as an independent unit.
Autofleet develops technology for managing vehicle fleets of all types, and offers a cloud platform to maximize efficiency and performance, tools for managing and automating vehicle maintenance, travel, bookings, drivers, work processes and more. Autofleet has raised 28 million dollars to date and among its investors are the investment fund KeyFrame Capital, the giant Japanese concern Fujitsu, the American tire company Goodyear and in addition Mizmaa Ventures, Maniv Mobility and Next Gear Ventures.
Laura Dottori-Attanasio, President and CEO of Element, said: "We are convinced that Autofleet's expertise and professionalism will allow us to accelerate the modernization of our digital capabilities, improve our ability to scale our core business more quickly, and ultimately will increase the value we give to our customers and our shareholders."
Kobi Isenberg, CEO and founder of Autoflyt said: "This partnership represents a powerful combination of two companies with similar vision and values. It will allow us to leverage Element's strength in the market to accelerate the growth of Autofleet through innovative and faster solutions, for the benefit of the entire industry."