Ituran Location and Control Ltd. is an Israeli company that provides stolen vehicle recovery (SVR) and tracking services, and markets GPS wireless communications products. Ituran is traded on NASDAQ and is included in the TA-100 Index. Ituran has over 3,200 employees worldwide and is a market leader in Brazil, Argentina, Israel and the United States. As of June 2020, the company has more than 2M subscribers.[1]
History
Ituran was established in 1994 by the Tadiran conglomerate to develop and operate a service for locating stolen vehicles using a telematics technology that was originally developed for military use at Tadiran Telematics, a subsidiary of Tadiran Communications. The core technology, which relies on transmitting location and status data, was originally developed and licensed by Tadiran from Teletrac USA. Teletrac was founded as International Teletrac Systems in 1988. It received initial funding from a unit of AirTouch Communication (formerly known as Pacific Telesis) in exchange for 49% equity of the company. Teletrac contracted Tadiran to build base stations for their US system which were later used under license in deploying the network in Israel.