The merger was initiated by businessman Izzy Sheratzky owner of Ituran Location and Control, who are the official sponsors of the team.
In November 2007 Ituran sold Telematics Wireless to Singapore based ST Electronics, part of the ST Engineering corporation, for $90 million.
In April 2007, Mapa was purchased by the GPS company Ituran for US $13 million.
Ituran |