Ituran Location and Control Ltd. (ITRN) Stock

Ituran Location and Control Ltd., along with its subsidiaries, specializes in providing advanced location-based telematics services and machine-to-machine telematics products globally. The company operates through two main segments: Telematics Services and Telematics Products.

Under its Telematics Services segment, Ituran offers a range of critical services including stolen vehicle recovery and tracking. This service helps locate and recover stolen vehicles for its subscribers. Additionally, Ituran provides fleet management solutions that enable real-time tracking and management of corporate and individual vehicles. Its locator services offer protection for valuable merchandise and equipment, enhancing security measures for customers.

Furthermore, the Telematics Services segment extends to on-demand navigation guidance and assistance, offering traffic reports, directions, and information on nearby facilities such as gas stations and hospitals. It also includes Connected Car services, a comprehensive platform integrating a back-office application, telematics devices in vehicles, and mobile apps for both iOS and Android users. This platform supports usage-based insurance and auto financing, catering to insurance companies, car manufacturers, dealers, and private subscribers.

The Telematics Products segment focuses on developing and distributing essential hardware components. This includes Base Site radio receivers equipped with processors and data computation units, Control Center software for data collection and location calculations, and navigation and tracking devices installed in vehicles. Additionally, Ituran offers SMART, a portable transmitter installed in vehicles to facilitate real-time location tracking of vehicles, equipment, or individuals.

Founded in 1994 and headquartered in Azor, Israel, Ituran Location and Control Ltd. continues to innovate in the telematics industry, serving a diverse clientele including insurance providers, automotive manufacturers, and private users worldwide.