Ituran Signs New OEM Agreement with Renault in Latin America

Rhea-AI Summary

Ituran (NASDAQ: ITRN) announced on Nov 24, 2025 that it signed an initial three-year service agreement with European OEM Renault to provide tracking and telematics services across multiple countries in Latin America. The deal introduces Ituran services to Renault's Latin American customers and could broaden Ituran's regional presence. The company said there is strong potential to expand the agreement to additional markets globally and to extend service periods, which the company expects could help accelerate long-term net subscriber growth.

Positive

• Signed an initial three-year service agreement with Renault
• Contract covers multiple countries across Latin America
• Adds a new global OEM customer, Renault, to Ituran's partner base
• Potential to expand to additional markets and extend service periods

Negative

• Agreement is described as an initial three-year term, not a long-term guaranteed contract
• Geographic scope announced is limited to Latin America in the initial deal

News Market Reaction

+5.37%

1 alert

+5.37% News Effect

On the day this news was published, ITRN gained 5.37%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AZOUR, Israel, Nov. 24, 2025 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), a global leader in vehicle telematics, today announced that it has signed an initial three-year service agreement with a new major European OEM, Renault. The contract covers multiple countries in the Latin American region and there is strong potential for expansion to additional markets globally as well as extended service periods.

Eyal Sheratzky, co-CEO of Ituran commented, "We are thrilled to announce this new agreement with Renault, bringing Ituran's service and tracking solutions to their Latin American customers. We are excited with the long-term potential of this agreement which allows us to more broadly sell our service offerings, strengthening our presence in Latin America. It also brings us new customers of another leading global OEM, potentially accelerating our long-term net subscriber growth."

André Mói, Purchasing Director at Renault, added, "Renault is committed to offering high-quality and innovative services to its customers. The agreement with Ituran is aligned with our strategy of working with leading suppliers in the market to ensure the best solutions for our customers."

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 Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the development of smart mobility technology.

Ituran's subscriber base has been growing significantly since the Company's inception to over 2.5 million subscribers using its location-based services with a market leading position in Israel and Latin America. Established in 1995, Ituran has approximately 2,800 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the United States.

For more information, please visit Ituran's website, at: www.ituran.com

Company Contact Udi Mizrahi udi_m@ituran.com Deputy CEO and VP Finance, Ituran (Israel) +972 3 557 1348

International Investor Relations Ehud Helft ituran@ekgir.com 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-signs-new-oem-agreement-with-renault-in-latin-america-302624412.html

SOURCE Ituran Location and Control Ltd.

FAQ

What did Ituran (ITRN) announce on November 24, 2025 about Renault?

Ituran announced an initial three-year service agreement with Renault to provide tracking services in multiple Latin American countries.

Which markets does the Ituran and Renault agreement cover for ITRN?

The agreement covers multiple countries in Latin America (no specific countries were listed).

How long is the Ituran contract with Renault (ITRN) and is it expandable?

The contract is an initial three-year agreement and the company cited strong potential to expand to more markets and extend service periods.

Will the Renault deal affect Ituran's subscriber growth (ITRN)?

The company said the Renault agreement could potentially accelerate long-term net subscriber growth by bringing new OEM customers.

Is there financial guidance or value disclosed for the Ituran–Renault (ITRN) deal?

No financial terms or revenue guidance tied to the Renault agreement were disclosed in the announcement.