Ituran Declared a Monopoly in Car Tracking Systems

Ora Coren
Ora Coren
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Ora Coren
Ora Coren

Antitrust Commissioner Dror Strum has declared Ituran Location and Control a monopoly in supplying automobile location systems in the local market.

Ituran, whose shares are traded on the Tel Aviv Stock Exchange, sells systems that prevent car theft and facilitate fleet management.

Strum said Ituran is unique in offering a system that combines anti-theft technology with an ability to track stolen vehicles.

Because of this, many insurance companies have required high-risk customers to equip their vehicles with Ituran systems, rather than other anti-theft systems without tracking.

A business is considered a monopoly when it controls over 50 percent of the market for a service or product. Antitrust officials found that Ituran controls 80 percent of the Israeli market for vehicle location systems.

The declaration of monopoly status by the antitrust commissioner will allow his office to monitor the company more closely so as to protect the public interest.

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