Ituran Location and Control - 500 Beiträge pro Seite

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...nachdem panik mit seinem Thread: Ituran Location and Control, Ltd. (ITRN) 2007 wohl etwas früh dran war, heute neuer Versuch;

bin über die Meldung von TomTom drauf gekommen:


Latin American Telematics Provider Ituran Road Track (IRT) Chooses TomTom Maps and Navigation

Sao Paulo – Brazil, 6 July 2016 – TomTom (TOM2) today announced that IRT - Ituran Road Track, a joint venture between Ituran (NASDAQ: ITRN) and Road Track, the largest automotive OEM telematics service provider in Latin America, has chosen TomTom as the map and navigation software provider to power their OEM Telematics Solutions.

As part of the agreement, TomTom will provide IRT with automotive grade digital maps along with TomTom’s innovative and modular nagivation software, NavKit. Additionally, the agreement encompasses online navigation services including maps, search and routing services. IRT will incorporate these components in its core Telematics solutions offering currently being deployed in Brazil and Argentina.

”TomTom was the obvious choice to power this OEM Telematics solution,” said Pablo Gomez, CEO of Road Track. “TomTom has an excellent technology stack which turned out to be the perfect match for our Telematics services platform”.

“We are extremely pleased to be working with Ituran Road Track to bring TomTom’s industry-leading maps and navigation solutions to their customers in Latin America,” said Antoine Saucier Managing Director of TomTom Automotive. “Its fantastic presence and penetration in this market will help us to accelerate our growth and development in the region.”

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sie haben 985k Subs!

Bewertung:

KGV ('15) 20,8x
KBV 6,2
EKR 42%

anscheinend stark in Südamerika (passt ja zur TomTom-Meldung)

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Quartalsdividende

auf 18c erhöht

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Antwort auf Beitrag Nr.: 53.429.451 von R-BgO am 07.10.16 13:09:25

kleine Nebenbemerkung:

die 25% israelische Quellensteuer werden VOLL angerechnet

=> führt dazu, dass kein Soli abgezogen wird

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Antwort auf Beitrag Nr.: 53.429.475 von R-BgO am 07.10.16 13:11:52

aufgestockt

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Antwort auf Beitrag Nr.: 53.430.711 von R-BgO am 07.10.16 15:45:03

aufgestockt

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inzwischen 1.057k subs

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Antwort auf Beitrag Nr.: 54.433.958 von R-BgO am 28.02.17 21:04:48

jetzt bereits 1.160.000

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Antwort auf Beitrag Nr.: 57.151.485 von R-BgO am 28.02.18 21:55:09

1.181.000

solides Q1: https://www.prnewswire.com/news-releases/ituran-location-and…

[pickuru]

Ituran Location and Control Ltd. (ITRN) CEO Eyal Sheratzky on Q1 2018 Results - Earnings Call Transcript

https://seekingalpha.com/article/4176514-ituran-location-con…

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aufgestockt

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mal sehen, ob es Skaleneffekte geben wird...

zu hoffen wär's



Ituran will acquire 81.3% of Road Track Holding S.L for $91.7 million

Following the acquisition, Ituran’s annual revenues run-rate is expected to be close to
$400 million with a subscriber base of approximately 1.8 million

Management will hold a conference call tomorrow July 25, 2018 to discuss the acquisition

AZOUR, Israel – July 24, 2018 –

Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced the acquisition of the majority of the shares of Road Track Holding S.L, a telematics’ company operating primarily in the Latin American region.

Ituran will pay the shareholders of Road Track Holding S.L $91.7 million for 81.3% of the company valuing the company at approximately $113 million. Of this, $75.7 million will be paid in cash, through a debt facility provided by Ituran’s lending bank. An additional $12 million will be paid in Ituran shares. The remaining $4 million will be paid out of the company’s equity as a bonus over the coming three years to the senior management of Road Track Holding S.L who will remain with Ituran through the end of that period. The final acquisition price may be subject to downward adjustments depending on the full year 2018 performance of the Road Track business. Following three years of joint operations, Ituran will purchase the remainder of Road Track’s shares at a price based on a valuation that will be made at that time. Subject to various approvals and customary closing conditions, the closing is expected during the third quarter of 2018.

Road Track is a fast growing and one of the largest OEM telematics provider in Latin America. Road Track is one of the leading providers in its markets that has successfully launched a factory installed, aftermarket and commercial fleet telematics solutions under an OEM brand for global car manufacturers. Road Track provides its connected car platform to the automotive market with products and services designed for a broad set of customers. For the past five years, it has operated an equally-owned joint venture with Ituran in Brazil and Argentina, called Ituran Road Track, providing telematics services under an OEM agreement with a major global car manufacturer. In addition, it has operations in Colombia, Ecuador and Mexico.

Road Track’s major customers include two global automotive manufacturers as well as car dealers, insurance companies, car financing companies and fleet operators. As of year-end 2017, Road Track had 550,000 subscribers.

In terms of Road Track’s full year 2017 financial highlights (as reported under a non-GAAP IFRS basis ), revenues were $96 million, EBITDA was $21 million and net income was $8.5 million. On a consolidated 2017 pro-forma non-GAAP basis, Ituran including Road Track would have had $366 million in revenue, $98 million in EBITDA and $51 million in net profit and total subscribers at year-end 2017 would have totaled 1.7 million.

Eyal Sheratzky, CEO of Ituran, commented “Part of Ituran’s strategy has always been to acquire a synergistic business with our own to enable us to accelerate our long-term growth and reach. We have considered many acquisitions over the past few years and it has taken a long time to find the right partner. Having worked closely with Road Track for five years in Brazil and Argentina, and following a long due diligence process, we believe that Road Track is the right acquisition for us which will unlock substantial value in a combined company. Significantly, it will enable us to further penetrate major car manufacturers, will provide Ituran a significant scale in the telematics industry and allow us to provide a broader service offering into new countries. Our expectations are that following the closing, the combined business will have around 1.8 million subscribers with revenues run-rate of close to $400 million, making it a game changer for our Company. We are excited to welcome the management and employees of Road Track to Ituran, and we look forward to accelerating our growth, enhancing shareholder value together.”

Pablo Gomez, CEO of Road Track Holding S.L commented, “We have worked closely with Ituran in Brazil and Argentina for the past few years and we are very impressed with the professionalism and drive we have found. Over the years of cooperation, we have seen strong joint potential for significant value creation by joining forces which has underpinned the acquisition talks. Furthermore, our already existing ties will ease the process of integration. On behalf of the management and employees of Road Track, we remain highly committed to the success of the joint company, and we are excited to join the Ituran family and together unleash new potential and value in this journey.”

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Antwort auf Beitrag Nr.: 58.782.992 von R-BgO am 24.09.18 16:12:05

es scheint sie zu geben;

sehr ordentliches Jahresergebnis