SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________________

FORM 6-K

REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934

For the month of September, 2021

Commission File Number: 001-32618

Ituran Location and Control Ltd.

(Exact name of Registrant as specified in its Charter)

________________________

3 Hashikma Street, Azour 58001, Israel

(Address of Registrant’s principal executive offices)

________________________

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1):

Yes ☐ No ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (7):

Yes ☐ No ☒

On September 22, 2021, Ituran Location and Control Ltd. (the “Company”) executed an agreement to purchase the remaining shares (18.72%) (the “Remaining Shares”) of Ituran Spain Holdings S.L. (formerly Road Track Holding S.L) (“Ituran Spain”) from the minority shareholders. This agreement is pursuant to the share purchase agreement (which was reported on July 24, 2018, File No. 001-32618) under which the Company acquired 81.28% of the shares of Ituran Spain.

The Company will pay for the Remaining Shares an amount of approximately $11.23 million,based on a valuation of Ituran Spain of $60 million, which is the same as reflected in the Company’s financial statements as of December 31, 2020, as filed on the Company’s Form 20-F.

This Form 6-k of Ituran is incorporated by reference into the Ituran registration statement on Form F-3 (File No. 333-222289).

The following document is attached hereto and incorporated by reference herein:

Exhibit 99.1 Press release, dated 22 September 2021 titled "Ituran Location & Control Ltd announces $11.23 million purchase of remaining minority shares of Ituran Spain Holdings"

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

		ITURAN LOCATION & CONTROL LTD.
		(Registrant)

	By:	/s/ Eyal Sheratzky
		Name: Eyal Sheratzky
		Title: Co-Chief Executive Officer Date: September 22, 2021

Exhibit 99.1

ITURAN LOCATION AND CONTROL LTD.

Ituran Location & Control Announces

Full Purchase of the Remaining Stake of Ituran Spain Holdings

AZOUR, Israel – September 22, 2021 – Ituran Location and Control Ltd. (NASDAQ: ITRN, TASE: ITRN), announced today that has purchased the remaining 18.72% of shares that it did not own in Ituran Spain Holdings, formerly called Road Track Holding (prior to its acquisition by Ituran in July 2018). This was in line with the original acquisition agreement with the former shareholders of this subsidiary.

The Company will pay the minority shareholders approximately $11.2 million. This is based on a subsidiary valuation of $60 million, which is the same valuation of the subsidiary as has been reflected in Ituran’s financial statements.

Eyal Sheratzky, Co-CEO of Ituran said “We are pleased to fully acquire this subsidiary into Ituran and I believe the completion of this agreement is a win-win for all parties. Over the past three years, even while navigating a tough period, this subsidiary has enabled us to penetrate and initiate growth into new markets in which we were not present before. Today, as the geographies in which we focus on are recovering following the Corona downturn, we are pleased to fully acquire this subsidiary at what we believe is the inflection point of solid growth as we begin to harvest many of the synergies.”

Certain statements in this press release are "forward-looking statements" within the meaning of the Securities Act of 1933, as amended. These forward-looking statements include, but are not limited to, our plans, objectives, expectations and intentions and other statements contained in this report that are not historical facts as well as statements identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or words of similar meaning. These statements are based on our current beliefs or expectations and are inherently subject to significant uncertainties and changes in circumstances, many of which are beyond our control. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors.

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 industry and car manufacturers. Ituran is the largest OEM telematics provider in Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the development of smart mobility technology.

Ituran's subscriber base has been growing significantly since the Company's inception to approaching 2 million subscribers using its location-based services with a market leading position in Israel and Latin America. Established in 1995, Ituran has approximately 3,000 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the United States.

For more information, please visit Ituran’s website, at: www.ituran.com

Company Contact		International Investor Relations
Udi Mizrahi udi_m@ituran.com Deputy CEO &VP Finance, Ituran (Israel) +972 3 557 1348		Ehud Helft ituran@gkir.com GK Investor & Public Relations (US) +1 646 201 9246