Ituran and Stellantis Forge Strategic Partnership in South America to Enhance Vehicle Security

Ituran Location and Control Ltd., a prominent global leader in vehicle telematics, has announced an exciting new service agreement with Stellantis in South America. This significant partnership marks a strategic move for both companies, enabling them to deliver enhanced security and tracking solutions to drivers across multiple countries in the region. Set to last for several years, there is also potential for the agreement to expand into further markets and service offerings.

Eyal Sheratzky, co-CEO of Ituran, expressed enthusiasm about entering this vital collaboration with Stellantis, noting that they are eager to bring their advanced stolen vehicle recovery and tracking solutions to Stellantis customers throughout South America. With Stellantis being the largest car manufacturer in Latin America, encompassing a diverse range of brands such as Fiat, Jeep, and Peugeot, this alliance not only reinforces Ituran's position as a leading telematics provider but also promises a safer and more connected experience for Stellantis drivers.

Sheratzky stated, "We anticipate that this partnership will significantly expand our subscriber base in the coming years," emphasizing the importance of growing their services amidst increasing demand for vehicle connectivity and safety.

Similarly, Gisele Tonello, Vice-President of Stellantis Software Business Unit in South America, voiced her positive outlook on this partnership, highlighting the importance of collaborating with Ituran to optimize security and connectivity for their vehicle fleet. Tonello added, "Customers will gain access to industry-leading vehicle recovery and tracking services, ensuring greater peace of mind while on the road."

Ituran has consistently been at the forefront of mobility technology, delivering a comprehensive array of location-based services that cater to various needs within the connected-car ecosystem. Their offerings include services such as Stolen Vehicle Recovery, fleet management, and mobile asset management, all designed for industries ranging from retail and insurance to automobile manufacturing.

Holding dominance as the largest OEM telematics provider in Latin America, Ituran's reach encompasses over 20 countries, sustaining significant market leadership particularly in Israel and Latin America. With an impressive subscriber count of approximately 2.5 million, the company’s services are essential for many drivers navigating the intricacies of modern mobility.

Since its inception in 1995, Ituran has expanded globally, currently employing around 3,000 professionals across its offices in Israel, Brazil, Argentina, Mexico, Ecuador, Colombia, India, Canada, and the United States. Their commitment to innovation is also reflected in initiatives like the establishment of the DRIVE startup incubator in Tel Aviv, aimed at fostering cutting-edge developments in smart mobility technology.

As the telematics market evolves, this partnership between Ituran and Stellantis is poised to set a benchmark in the industry, catering to the rising demand for enhanced vehicle security and connectivity solutions in South America. With both companies working together strategically, the future looks bright for drivers seeking comprehensive protection for their vehicles.

For those interested in tracking this partnership's progress or exploring Ituran's extensive range of services, additional information can be found on Ituran’s official website at www.ituran.com.

Topics Auto & Transportation)

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