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BNP Paribas has announced that Arval has signed a memorandum of understanding with GE Capital to potentially acquire its European fleet management business.
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Kristen (Connealy) Collins has joined Element Fleet Management as a fleet manager. She assumed this position in May 2015.
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With the ink barely dry on Element Financial Corp.'s agreement to acquire GE Capital Fleet Services, the Toronto company's chief executive said Element may pursue other fleet management companies such as Donlen Corp. or LeasePlan.
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Toronto-based Element Financial Corp.'s acquisition of General Electric's Australian and New Zealand fleet management business creates "significant strategic opportunities," according to the company.
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Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.
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Element Fleet Management has appointed two new sale associates to its equipment financing sales and business development team in the East region, the fleet management company has announced.
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Element Fleet Management held its annual ride and drive event at the Toronto Congress Centre in Ontario on June 23 that included fleet professionals from across Canada.
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Element Fleet Management has hired Jacqueline Gough as its vice president of sales and client services for its Western Region of Canada.
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Toronto-based Element Financial Corp. is now in "advanced talks" with General Electric Co. for the possible purchase of its fleet assets, according to a Bloomberg report.
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Toronto-based Element Financial Corp. will raise $2.5 billion Canadian ($2.05 billion) in corporate debt to fund an unidentified acquisition that must be completed by the end of the year.
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