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Element to acquire Car IQ, creating the fleet industry's first scaled platform for intelligent, vehicle-initiated payments

Newswire.ca - Tue Dec 2, 2025

Acquisition accelerates Element Mobility's strategy and advances the Company's position as the leading connected-fleet ecosystem in North America

TORONTO and SAN FRANCISCO, Dec. 2, 2025 /CNW/ - Element Fleet Management Corp. (TSX: EFN) ("Element" or the "Company"), the largest publicly traded, pure-play automotive fleet manager in the world, today announced a definitive agreement to acquire Car IQ, a San Francisco–based technology company and pioneer in connected vehicle payments.

Read more at newswire.ca

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