4.4 million vehicles – 56 countries: Arval, Element Fleet Management And Sumitomo Mitsui Auto Service sign new tri-party agreement, expanding geographical coverage and scope in the Asia Pacific region

The agreement establishes framework for servicing the countries of Japan, Thailand, India and Indonesia through the Element-Arval Global Alliance.

PARIS, TORONTO and TOKYO, June 30, 2023 – Arval, Element Fleet Management (“Element”) and Sumitomo Mitsui Auto Service (“SMAS”), through the Element-Arval Global Alliance (“the Alliance”), today announced a tri-lateral strategic cooperation agreement. The agreement will facilitate enhanced access for global clients to full-service lease and fleet management services in the markets of Japan, Thailand, India and Indonesia through SMAS. 

In addition to bringing best-in-class consulting, services and shared values to their clients, the agreement underscores their shared commitment to guiding clients through the transition to sustainable fleets and helping them meet their ESG goals. Clients in the Asia-Pacific region will receive access to expert advice on the complex and fast-changing fleet electrification and mobility landscape.  

“At a time when the fleet and mobility landscape is evolving quickly, the renewal of the agreement with SMAS marks the continuation of a stable, productive and long-term partnership that provides our global clients with superior and innovative services, tools and consulting expertise,” said Alain van Groenendael, Chairman and Chief Executive Officer of Arval.

“Element and Arval have been SMAS’s long-time partners individually, but we are now able to solidify the partnership among the three leading companies in fleet services, and raise the alliance to the next level. In the changing mobility environment, we will promote our solution proposals from a variety of perspectives to address the issues our customers face,” said Kei Sato, Representative Director, President & CEO of SMAS.

The 9 member organizations that make up the Alliance, including Arval and Element (founding members) and SMAS, collectively manage 4.4 million vehicles and operate in 56 countries across five continents.  

“SMAS is a prominent player in the Asia market, and we are delighted to move forward with this strengthened relationship for the Element-Arval Global Alliance,” said David Madrigal, Executive Vice President and Chief Commercial Officer at Element Fleet Management. “Our collective expertise and resources make us well positioned to drive sustainable growth, foster mutual success, and create lasting value for our global clients worldwide."