ITURAN AND NISSAN SIGN A CONTRACT FOR VEHICLE TRACKING AND RECOVERY SERVICES IN CHILE
Ituran Location and Control has signed a 5-year contract with Nissan Chile to provide Vehicle Location Unit (VLU) and telematics services, expanding their existing partnership from Mexico. The agreement includes pre-installation of VLU units in three Nissan models, with expected addition of tens of thousands of vehicles. Nissan customers will receive a one-year free trial of Ituran's services, including access to a Nissan-branded application, 24-hour contact center support, stolen vehicle recovery, and emergency services. The partnership demonstrates Nissan's satisfaction with Ituran's performance in Mexico and marks Ituran's strategic expansion in providing OEM services in the Chilean market.
Ituran Location and Control ha firmato un contratto di 5 anni con Nissan Chile per fornire Unitá di Localizzazione Veicolo (VLU) e servizi telematici, ampliando la loro partnership esistente in Messico. L'accordo prevede la pre-installazione di unità VLU in tre modelli Nissan, con l'aggiunta prevista di decine di migliaia di veicoli. I clienti Nissan riceveranno un anno di prova gratuita dei servizi di Ituran, compreso l'accesso a un'applicazione a marchio Nissan, supporto del centro assistenza 24 ore su 24, recupero di veicoli rubati e servizi di emergenza. La partnership dimostra la soddisfazione di Nissan per le prestazioni di Ituran in Messico e segna l'espansione strategica di Ituran nel fornire servizi OEM nel mercato cileno.
Ituran Location and Control ha firmado un contrato de 5 años con Nissan Chile para proporcionar Unidades de Localización de Vehículos (VLU) y servicios telemáticos, ampliando su asociación existente en México. El acuerdo incluye la preinstalación de unidades VLU en tres modelos de Nissan, con una adición esperada de decenas de miles de vehículos. Los clientes de Nissan recibirán un año de prueba gratuita de los servicios de Ituran, incluyendo acceso a una aplicación de marca Nissan, soporte de centro de contacto las 24 horas, recuperación de vehículos robados y servicios de emergencia. La asociación demuestra la satisfacción de Nissan con el rendimiento de Ituran en México y marca la expansión estratégica de Ituran al proporcionar servicios OEM en el mercado chileno.
이투란 로케이션 앤드 컨트롤은 닛산 칠레와 5년 계약을 체결하여 차량 위치 장치(VLU) 및 텔레매틱스 서비스를 제공하며, 멕시코에서의 기존 파트너십을 확대합니다. 이번 계약은 세 가지 닛산 모델에 VLU 장치의 사전 설치를 포함하며, 수만 대의 차량 추가가 예상됩니다. 닛산 고객은 이투란의 서비스를 1년간 무료로 체험할 수 있으며, 닛산 브랜드 애플리케이션에 대한 접근과 24시간 연락센터 지원, 도난 차량 회수 및 긴급 서비스가 포함됩니다. 이 파트너십은 멕시코에서 이투란의 성과에 대한 닛산의 만족을 보여주며, 칠레 시장에서 OEM 서비스를 제공하기 위한 이투란의 전략적 확장을 의미합니다.
Ituran Location and Control a signé un contrat de 5 ans avec Nissan Chile pour fournir des unités de localisation de véhicules (VLU) et des services de télématiques, élargissant leur partenariat existant du Mexique. L'accord inclut la pré-installation des unités VLU dans trois modèles de Nissan, avec l'ajout prévu de dizaines de milliers de véhicules. Les clients de Nissan bénéficieront d'un essai gratuit d'un an des services d'Ituran, y compris l'accès à une application de marque Nissan, un centre de contact support 24 heures sur 24, la récupération de véhicules volés et des services d'urgence. Ce partenariat démontre la satisfaction de Nissan concernant les performances d'Ituran au Mexique et marque l'expansion stratégique d'Ituran dans la fourniture de services OEM sur le marché chilien.
Ituran Location and Control hat einen 5-Jahres-Vertrag mit Nissan Chile unterzeichnet, um Fahrzeugeortungsgeräte (VLU) und Telematikdienste bereitzustellen, wodurch die bestehende Partnerschaft aus Mexiko erweitert wird. Die Vereinbarung umfasst die Vorinstallation von VLU-Geräten in drei Nissan-Modellen, wobei mit der Hinzufügung von Zehntausenden von Fahrzeugen gerechnet wird. Nissan-Kunden erhalten ein einjähriges kostenloses Testangebot für die Dienste von Ituran, einschließlich Zugang zu einer Nissan-Marke-App, einem 24-Stunden-Kontaktzentrum, der Rückgewinnung gestohlener Fahrzeuge und Notfalldiensten. Die Partnerschaft zeigt die Zufriedenheit von Nissan mit der Leistung von Ituran in Mexiko und markiert die strategische Expansion von Ituran zur Bereitstellung von OEM-Services auf dem chilenischen Markt.
- Secured 5-year contract with major automaker Nissan in Chile
- Expected addition of tens of thousands of vehicles over the contract period
- Geographic expansion of OEM services into Chilean market
- Strengthened existing partnership with Nissan following Mexico success
- None.
Insights
This partnership expansion with Nissan represents a significant strategic win for Ituran in the Latin American market. The 5-year contract structure, coupled with Nissan's commitment to pre-install VLUs in multiple models, creates a steady revenue stream potential. The deal's structure is particularly attractive - Nissan pays for the first year of service, effectively creating a customer acquisition funnel for Ituran's subscription services.
The Chilean automotive market presents substantial growth opportunities, with annual new car sales averaging 300,000-400,000 units. If Ituran captures even a modest share through this Nissan partnership, it could translate to meaningful recurring revenue growth. The expansion from Mexico to Chile also validates Ituran's service quality and could pave the way for further regional expansion with Nissan.
The technical implementation of this deal showcases Ituran's competitive advantage in the telematics space. The comprehensive solution includes Vehicle Location Units (VLUs), stolen vehicle recovery services and a custom-branded application - demonstrating Ituran's ability to deliver integrated solutions at scale. The pre-installation model reduces friction in service adoption and ensures quality control, while the 24/7 contact center adds significant value to the service package.
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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 &
Eyal Sheratzky, CEO of Ituran, commented, "We are delighted to partner with Nissan in
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
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
For more information, please visit Ituran's website, at: www.ituran.com
Company Contact Udi Mizrahi Deputy CEO and VP Finance, Ituran ( | International Investor Relations Ehud Helft EK Global Investor Relations (US) +1 212 378 8040 |
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SOURCE Ituran Location and Control Ltd.
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