Ituran Location and Control Ltd. (ITRN): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how a company transforms military-grade technology into cutting-edge telematics solutions? Ituran Location and Control Ltd. (ITRN) has done just that, emerging as a leader in the mobility technology field. With a record revenue of $336.3 million in 2024, a 5% increase from the previous year, and approximately 2.4 million subscribers worldwide, Ituran's story is one of innovation and growth. Keep reading to discover how Ituran was founded, who owns it, what its mission is, and how it makes money in the competitive world of telematics.

Ituran Location and Control Ltd. (ITRN) History

Founding Timeline

Year established

The company was established in 1994.

Original location

The company's original location was in Israel.

Founding team members

While specific names of all founding team members are not widely publicized, Eyal Sheratzky is recognized as a co-founder and has been a significant figure in the company's leadership.

Initial capital/funding

Information regarding the specific initial capital or funding amounts is not readily available in public sources.

Evolution Milestones

Transformative Moments

Several strategic decisions and events have significantly shaped the company's trajectory:

• Shift to Telematics: Transitioning from basic stolen vehicle recovery to comprehensive telematics services that offer a range of safety, security, and operational efficiency solutions.
• Global Expansion: Strategic entry into key markets like Brazil and the United States, adapting its business model to suit local market conditions and regulatory environments.
• Technological Innovation: Continuous investment in R&D to develop cutting-edge technologies, including AI-powered analytics and IoT-enabled solutions, to stay ahead of the competition.
• Strategic Acquisitions: Pursuing acquisitions to expand its product offerings and geographic reach, enhancing its competitive position in the market.

These transformative moments reflect the company's ability to adapt to changing market dynamics and capitalize on emerging opportunities, driving its growth and success in the telematics industry. For more insights into the company's financial performance, consider reading Breaking Down Ituran Location and Control Ltd. (ITRN) Financial Health: Key Insights for Investors.

Ituran Location and Control Ltd. (ITRN) Ownership Structure

Ituran Location and Control Ltd. features a mix of institutional, insider, and public ownership, reflecting diverse investment interests. A detailed look at the ownership structure provides insights into the company's governance and strategic decision-making.

Ituran Location and Control Ltd.'s Current Status

Ituran Location and Control Ltd. is a publicly traded company, meaning its shares are available for purchase on a stock exchange. This allows a wide range of investors, from individuals to large institutions, to own a part of the company. You can read more about the investor profile of Ituran Exploring Ituran Location and Control Ltd. (ITRN) Investor Profile: Who’s Buying and Why?

Ituran Location and Control Ltd.'s Ownership Breakdown

The ownership of Ituran Location and Control Ltd. is distributed among various types of shareholders. Here's a breakdown:

Ituran Location and Control Ltd.'s Leadership

The leadership team is responsible for setting the strategic direction and overseeing the operations of Ituran Location and Control Ltd. As of April 2025, key members of the leadership include:

• Eyal Sheratzky serves as the Co-Chief Executive Officer.
• Moti Nagar also holds the position of Co-Chief Executive Officer.
• Ofer Tsimchi is the Chief Financial Officer.

Ituran Location and Control Ltd. (ITRN) Mission and Values

The company's mission is to be a leading provider of location-based services, delivering innovative solutions that enhance safety, security, and efficiency for its customers. Its core values emphasize innovation, customer focus, and a commitment to excellence.

Ituran's Core Purpose

Official mission statement

While a specific, formally published mission statement for Ituran Location and Control Ltd. is not readily available in my knowledge sources, Ituran's core purpose can be inferred from its activities and public statements. Ituran aims to:

• Provide advanced location-based services (LBS).
• Offer comprehensive solutions for vehicle tracking and connected car services.
• Enhance safety and security for vehicles and drivers.
• Deliver value through innovative technology and exceptional customer service.

Vision statement

Similarly, an explicit vision statement is not found in the provided resources. However, based on Ituran's strategic direction and industry positioning, a likely vision can be described as:

• To be the global leader in providing innovative location-based services and connected car solutions.
• To revolutionize the automotive industry with cutting-edge technology that enhances safety, security, and efficiency.
• To create a seamlessly connected world where vehicles and drivers are always protected and informed.

Company slogan/tagline

While Ituran does not have a widely publicized official slogan or tagline, their marketing and communications often highlight themes such as:

• 'Protecting What Matters Most'
• 'Advanced Location-Based Solutions'
• 'Driving Innovation in Connected Car Services'

To delve deeper into the company's mission, vision, and values, explore: Mission Statement, Vision, & Core Values of Ituran Location and Control Ltd. (ITRN).

Ituran Location and Control Ltd. (ITRN) How It Works

Ituran Location and Control Ltd. specializes in providing location-based services (LBS) and wireless communications products, utilizing a combination of GPS, cellular, and radio frequency technologies to offer stolen vehicle recovery, fleet management, and connected car services.

Ituran's Product/Service Portfolio

Ituran's Operational Framework

Ituran operates through the following key processes:

• Technology Infrastructure: Ituran maintains a robust technology infrastructure that includes GPS, cellular, and RF networks. These technologies enable real-time tracking and communication with vehicles and assets.
• Data Collection and Processing: The company collects data from vehicles and assets using installed devices and sensors. This data is then processed and analyzed to provide valuable insights and services to customers.
• Service Centers: Ituran operates service centers that provide 24/7 support for stolen vehicle recovery and emergency assistance. These centers are staffed with trained professionals who can quickly respond to customer needs.
• Partnerships: Ituran collaborates with automotive manufacturers, insurance companies, and other partners to expand its reach and offer integrated solutions.

Ituran's Strategic Advantages

Ituran's success is driven by several strategic advantages:

• Technology Leadership: Ituran has a long history of innovation in the LBS and wireless communications industries, with a focus on developing cutting-edge technologies and solutions.
• Extensive Network: The company has built an extensive network of service centers and partnerships, enabling it to provide services in various countries.
• Strong Brand Reputation: Ituran has established a strong brand reputation for reliability and effectiveness, particularly in the stolen vehicle recovery market.
• Data Analytics Capabilities: Ituran's ability to collect, process, and analyze data provides a competitive edge, enabling it to offer valuable insights and customized solutions to customers.

To gain more insights into Ituran's guiding principles, explore: Mission Statement, Vision, & Core Values of Ituran Location and Control Ltd. (ITRN).

Ituran Location and Control Ltd. (ITRN) How It Makes Money

Ituran Location and Control Ltd. primarily generates revenue through providing location-based services, which include stolen vehicle recovery, tracking, and connected car services.

Ituran's Revenue Breakdown

While precise percentage breakdowns for specific revenue streams are not available in the provided search results for the fiscal year 2024, Ituran's revenue is generally derived from two main segments:

Ituran's Business Economics

• Ituran's business model relies on a subscription-based service, providing recurring revenue.
• The company invests heavily in technology and infrastructure to maintain a competitive edge in location-based services and connected car solutions.
• Stolen Vehicle Recovery (SVR) Services: A core offering, particularly strong in regions with high vehicle theft rates.
• Connected Car Services: This includes a range of services, such as usage-based insurance, remote diagnostics, and safety features, which are increasingly integrated into modern vehicles.
• Ituran operates in various geographic markets, including Israel, Brazil, Argentina, and the United States, tailoring its services to meet local market needs and regulations.

Ituran's Financial Performance

• In 2024, Ituran reported strong financial results, driven by growth in its subscriber base and expansion of its connected car services.
• For the full year 2024, Ituran expected revenues between $314 million to $324 million and net income per share between $1.47 to $1.57.
• The company's financial performance is influenced by factors such as:
  • The number of active subscribers.
  • The average revenue per user (ARPU).
  • The effectiveness of its cost management strategies.
  • Expansion into new markets and service offerings.
• Ituran's focus on innovation and strategic partnerships is crucial for sustaining its financial growth and profitability in the competitive telematics industry.

To gain more insight into Ituran's mission, vision, and core values, you can explore: Mission Statement, Vision, & Core Values of Ituran Location and Control Ltd. (ITRN).

Ituran Location and Control Ltd. (ITRN) Market Position & Future Outlook

Location and Control Ltd. is navigating a competitive landscape with a focus on expanding its connected car services and telematics solutions. The company aims to leverage its technology to capture growth opportunities in the automotive and insurance sectors, while also managing risks associated with market competition and economic uncertainties. For a deeper dive into who is investing in Ituran and why, check out: Exploring Ituran Location and Control Ltd. (ITRN) Investor Profile: Who’s Buying and Why?

Competitive Landscape

Opportunities & Challenges

Industry Position

Location and Control Ltd. holds a significant position in the telematics and connected car services industry, particularly in Latin America. Its strengths include:

• A strong foothold in the automotive and insurance sectors.
• Established relationships with key industry players.
• Proprietary technology and expertise in vehicle tracking and security.

The company's market position is further reinforced by its:

• Continuous innovation in telematics solutions.
• Focus on customer service.
• Strategic partnerships to expand its reach and capabilities.