Element-Arval Global Alliance Extends Partnership
Element Financial Corp. has extended the 14-year partnership between Arval and PHH Arval, following the July merger when representatives from both companies signed an enhanced strategic agreement to form the Element-Arval Global Alliance.
Element Financial Corp. has extended the 14-year partnership between Arval and PHH Arval, following the July merger when representatives from both companies signed an enhanced strategic agreement to form the Element-Arval Global Alliance.
"The Element-Arval Global Alliance continues the longest North American-European global alliance in the fleet industry," said Steven Hudson, chairman and chief executive officer of Element Financial. "More importantly, it gives Element exclusive access to a cost efficient platform from which we can seamlessly serve the fleet management needs of clients that have fleet assets outside of North America."
The Toronto-based Element finalized its acquisition of PHH Arval in July for $1.4 billion. The value of the number of vehicles under Element management now stands at $6 billion.
"We are very pleased that we have extended this agreement thereby strengthening and solidifying our global reach," said Philippe Bismut, Arval's chairman and chief executive officer. "This marks the continuation of a productive and long-term partnership that provides our international clients with superior and innovative services, advice and tools."
Related:
More Global Fleet
GeoFencing Adds to Your Truck Security Arsenal
Geofencing is a familiar fleet tool today, but its early adoption marked a major shift in vehicle tracking, route monitoring, and the debate over employee privacy.
Read More →
Holman Takes Full Ownership of ARIZA in Mexico
Holman is bringing its Mexican fleet management operation fully under its own brand after more than 30 years as a joint venture. The change gives multinational fleet customers a single Holman operation across the U.S., Canada, and Mexico.
Read More →
5 Tire Maintenance Tips to Help Prevent Work Truck Downtime
Regular tire checks can do more than extend tread life. These five maintenance practices can help work truck fleets catch problems early, reduce costs, and prevent downtime.
Read More →
Proven Ways to Reduce Work Truck Downtime
The age-old problem of downtime will always be a reality, but with new strategies at hand, fleets have more ways to keep trucks on the road longer.
Read More →
Cameras, Safety and Insurance: From Reactive Claims to Real-Time Prevention (Part 2 of 2)
Part Two: Commercial auto remains one of the most challenging and costly lines of coverage for fleet operators and insurers alike. Continue learning more about how to effectively address these issues from Onur Aksan, Enterprise Business Development Executive, Geotab
Read More →
Cameras, Safety and Insurance: From Reactive Claims to Real-time Prevention
Commercial auto remains one of the most challenging and costly lines of coverage for fleet operators and insurers alike. Learn more about how to effectively address these issues from Onur Aksan, Enterprise Business Development Executive, Geotab.
Read More →
Fleet Costs Are Rising: Here’s How Leaders Are Responding
Fleet leaders are under pressure to reduce costs, adapt to economic uncertainty, and make smarter decisions. See how peers across North America are responding with real data, proven strategies, and forward-looking insights. Download the 2026 Market Pulse Report to benchmark your strategy and uncover where you can gain an edge.
Read More →
Enterprise Fleet Management Surpasses 900,000 Vehicles in U.S. & Canada
Enterprise Mobility connects with mobility solutions around the globe
Read More →