Element Fleet Management buying vehicle payment technology firm Car IQ
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 02/12/2025 (264 days ago), so information in it may no longer be current.
TORONTO – Element Fleet Management Corp. says it has signed a deal to buy Car IQ, a San Francisco-based technology company.
Financial terms of the agreement were not immediately available.
Car IQ helps companies replace fleet cards with technology embedded in vehicles that can make payments at gas stations and toll roads. It is expected to operate as a subsidiary of Element Mobility.
Element helps companies manage fleets of vehicles. It has operations across North America, Australia, New Zealand and Ireland.
The company says that integrating Car IQ’s technology with its platform will provide clients with stronger controls, reduced fraud exposure and simplified operations.
The deal is subject to customary closing conditions and is expected to close later this month.
This report by The Canadian Press was first published Dec. 2, 2025.
Companies in this story: (TSX:EFN)