Ituran Announces New OEM Agreement with Stellantis in South America
Ituran Location and Control Ltd. (NASDAQ: ITRN) has secured a significant multi-year service agreement with Stellantis in South America. The partnership will provide stolen vehicle recovery and tracking solutions to Stellantis customers across multiple countries in the region. Stellantis, the largest car manufacturer in Latin America, owns brands including Fiat, Jeep, and Peugeot. The agreement has potential for expansion to additional markets and extended service periods.
This strategic partnership aims to enhance vehicle security and connectivity for Stellantis customers while strengthening Ituran's position as a leading telematics provider in South America. The company expects this collaboration to significantly expand its subscriber base in the coming years.
Ituran Location and Control Ltd. (NASDAQ: ITRN) ha ottenuto un importante accordo di servizio pluriennale con Stellantis in Sud America. La collaborazione offrirà soluzioni di recupero e tracciamento di veicoli rubati ai clienti Stellantis in diversi paesi della regione. Stellantis, il più grande produttore automobilistico in America Latina, possiede marchi come Fiat, Jeep e Peugeot. L'accordo prevede la possibilità di espansione verso ulteriori mercati e periodi di servizio prolungati.
Questa partnership strategica mira a migliorare la sicurezza e la connettività dei veicoli per i clienti Stellantis, rafforzando al contempo la posizione di Ituran come fornitore leader di telematica in Sud America. L'azienda prevede che questa collaborazione aumenterà significativamente la sua base di abbonati nei prossimi anni.
Ituran Location and Control Ltd. (NASDAQ: ITRN) ha asegurado un importante acuerdo de servicio multianual con Stellantis en Sudamérica. La asociación proporcionará soluciones para la recuperación y rastreo de vehículos robados a los clientes de Stellantis en varios países de la región. Stellantis, el mayor fabricante de automóviles en América Latina, posee marcas como Fiat, Jeep y Peugeot. El acuerdo tiene potencial para expandirse a mercados adicionales y extender los períodos de servicio.
Esta alianza estratégica busca mejorar la seguridad y conectividad vehicular para los clientes de Stellantis, al mismo tiempo que fortalece la posición de Ituran como proveedor líder de telemática en Sudamérica. La empresa espera que esta colaboración amplíe significativamente su base de suscriptores en los próximos años.
Ituran Location and Control Ltd. (NASDAQ: ITRN)는 남미에서 Stellantis와 다년간의 대규모 서비스 계약을 체결했습니다. 이 파트너십은 해당 지역 여러 국가의 Stellantis 고객들에게 도난 차량 회수 및 추적 솔루션을 제공할 예정입니다. 라틴 아메리카 최대 자동차 제조사인 Stellantis는 Fiat, Jeep, Peugeot 등의 브랜드를 보유하고 있습니다. 이 계약은 추가 시장으로 확장되고 서비스 기간이 연장될 가능성이 있습니다.
이번 전략적 파트너십은 Stellantis 고객의 차량 보안과 연결성을 강화하는 동시에 Ituran이 남미에서 선도적인 텔레매틱스 제공업체로서의 입지를 굳히는 것을 목표로 합니다. 회사는 이번 협력을 통해 향후 몇 년간 가입자 수가 크게 증가할 것으로 기대하고 있습니다.
Ituran Location and Control Ltd. (NASDAQ : ITRN) a conclu un accord de service pluriannuel important avec Stellantis en Amérique du Sud. Ce partenariat fournira des solutions de récupération et de suivi de véhicules volés aux clients de Stellantis dans plusieurs pays de la région. Stellantis, le plus grand constructeur automobile d'Amérique latine, possède des marques telles que Fiat, Jeep et Peugeot. L'accord pourrait être étendu à d'autres marchés et pour des périodes de service prolongées.
Ce partenariat stratégique vise à améliorer la sécurité et la connectivité des véhicules pour les clients de Stellantis, tout en renforçant la position d'Ituran en tant que fournisseur de télématique de premier plan en Amérique du Sud. L'entreprise s'attend à ce que cette collaboration augmente significativement sa base d'abonnés dans les années à venir.
Ituran Location and Control Ltd. (NASDAQ: ITRN) hat einen bedeutenden mehrjährigen Servicevertrag mit Stellantis in Südamerika abgeschlossen. Die Partnerschaft wird Stellantis-Kunden in mehreren Ländern der Region Lösungen zur Diebstahlfahrzeug-Rückgewinnung und -Verfolgung bieten. Stellantis, der größte Automobilhersteller in Lateinamerika, besitzt Marken wie Fiat, Jeep und Peugeot. Der Vertrag bietet Potenzial für eine Erweiterung auf weitere Märkte und längere Servicezeiträume.
Diese strategische Partnerschaft zielt darauf ab, die Fahrzeugsicherheit und Konnektivität für Stellantis-Kunden zu verbessern und gleichzeitig Iturans Position als führender Anbieter von Telematik in Südamerika zu stärken. Das Unternehmen erwartet, dass diese Zusammenarbeit seine Abonnentenzahl in den kommenden Jahren deutlich steigern wird.
- Partnership with Stellantis, Latin America's largest car manufacturer, expanding market reach
- Multi-year agreement with potential for expansion to additional markets
- Expected significant increase in subscriber base
- Strategic positioning as leading telematics provider in South America
- None.
AZOUR,
Eyal Sheratzky, co-CEO of Ituran, commented, "We are excited to enter this strategic partnership with Stellantis, bringing our advanced stolen vehicle recovery and tracking solutions to their customers across
Gisele Tonello, Vice-President Stellantis Software Business Unit in South América, added, "We are pleased to collaborate with Ituran to enhance the security and connectivity of our vehicles in
About Ituran
Ituran is a leader in the mobility technology field, providing value-added location-based services, including a full suite of services for the connected-car. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management & control services for vehicles, cargo and personal security for the retail, insurance industry and car manufacturers. Ituran is the largest OEM telematics provider in
Ituran's subscriber base has been growing significantly since the Company's inception to approximately 2.5 million subscribers using its location-based services with a market leading position in
For more information, please visit Ituran's website, at: www.ituran.com
Company Contact Udi Mizrahi Deputy CEO and VP Finance, Ituran ( | International Investor Relations Ehud Helft EK Global Investor Relations (US) +1 212 378 8040 |
Logo: https://mma.prnewswire.com/media/1972820/Ituran_logo.jpg
View original content:https://www.prnewswire.com/news-releases/ituran-announces-new-oem-agreement-with-stellantis-in-south-america-302465623.html
SOURCE Ituran Location and Control Ltd.
FAQ
What is the new partnership between Ituran (ITRN) and Stellantis in South America?
Which car brands will be covered under the Ituran-Stellantis partnership?
How will the Stellantis agreement affect Ituran's (ITRN) business?
What services will Ituran provide to Stellantis customers?
