SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________
 
FORM 6-K
 
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
 
For the month of November 2024
 
Commission File Number 001-32618
 
Ituran Location and Control Ltd.
(Exact name of Registrant as specified in its Charter)
                                              

3 Hashikma Street, Azour 58001, Israel
(Address of Registrant’s principal executive offices)

                                              

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F    ☒   Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1):
Yes    ☐   No    ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (7):
Yes    ☐   No    ☒
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes    ☐    No    ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): ______


On November 13, 2024, Ituran Location and Control Ltd. issued a press release announcing, Ituran and Nissan sign a contract for vehicle tracking and recovery services in Chile.

A copy of this press release is annexed hereto as Exhibit 99.1.


SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.
 
  ITURAN LOCATION & CONTROL LTD.  
 
(Registrant)
 
     

By:
/s/ Eyal Sheratzky  
    Name         Eyal Sheratzky
 
    Title           Co-Chief Executive Officer  
       
Date: November 13, 2024

EXHIBIT INDEX
 

Exhibit 99.1 Item

Press Release, dated November 13, 2024, announcing, Ituran and Nissan sign a contract for vehicle tracking and recovery services in Chile.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Exhbit 99.1


ITURAN AND NISSAN SIGN A CONTRACT FOR VEHICLE TRACKING
AND RECOVERY SERVICES IN CHILE

AZOUR, Israel – November 13, 2024 – Ituran Location and Control Ltd. (NASDAQ: ITRN), a global leader in vehicle telematics, today announced that following its long-term partnership with Nissan in Mexico, Ituran’s subsidiary in Chile has signed a 5-year contract with Nissan Chile. Under this agreement, Ituran will provide the Vehicle Location Unit (VLU) and a suite of telematics and stolen vehicle recovery (SVR) services to Nissan and its customers throughout Chile.

Following their car purchase, Nissan’s customers will enjoy a one year free trial of Ituran’s service which will be paid for by Nissan. This agreement will initially cover three vehicle models, with an expected addition of tens of thousands of vehicles over the years. The VLU unit will be pre-installed in these models before reaching the dealers.

Customers will have access to a comprehensive Nissan-branded on-vehicle application. Additionally, the customers will also have access to Ituran Chile’s 24-hour contact center, assistance in the event of vehicle theft, and emergency services such as breakdown assistance and towing.

"We are excited to partner with leading global telematics company, Ituran, to provide our customers with advanced vehicle tracking and recovery services," said Diego Vignati, President of Nissan Chile & Peru. " After many years of partnership with Ituran in Mexico in which we have been very pleased with the performance of Ituran, we decided to expand the partnership to an additional country. It represents our commitment to enhancing the customer experience with technology and services that will provide peace of mind and convenience to our customers."

Eyal Sheratzky, CEO of Ituran, commented, "We are delighted to partner with Nissan in Chile, one of the world’s leading automakers and OEMs. I am pleased with the trust that Nissan put in us after many years of cooperation in Mexico. It is a testimony to the full satisfaction that Nissan has from our cooperation so far. From a strategic perspective, we are pleased to broaden the scope of services we provide to global OEMs, now into the Chilean market. We look forward to building a close working relationship with Nissan in Chile, providing their customers with the best possible vehicle tracking and recovery services. I believe this partnership and our progress with Nissan will enable us to expand to additional regions in future."


About Ituran

Ituran is a leader in the emerging 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, financing industries 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 2.3 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

International Investor Relations
Udi Mizrahi

Ehud Helft
udi_m@ituran.com

ituran@ekgir.com
Deputy CEO and VP Finance, Ituran

EK Global Investor Relations
(Israel) +972 3 557 1348

(US) +1 212 378 8040



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