The Competition Commission of Pakistan (CCP) on Wednesday approved the complete acquisition of Trax Online (Pvt.) Ltd. by Secure Logistics Group Ltd. under a Share Purchase Agreement (SPA).
According to a press statement, both parties had submitted a pre-merger application in line with the Competition Act, 2010. The CCP’s review identified the relevant product market as courier and e-commerce logistics services in Pakistan.
CCP said that the deal is a conglomerate merger with no horizontal or vertical overlaps, and concluded that the transaction will not result in dominance or lessen competition in the relevant market.
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Secure Logistics Group Ltd. (SLGL) is a publicly listed company offering long-haul and medium-haul logistics, asset tracking, fleet management, and security services. In the quarter ending March 31, 2025, SLGL posted a profit of Rs160 million, translating into an earnings per share of Re0.59.
Meanwhile, Trax Online (Pvt.) Ltd. is a private company focused on warehousing and door-to-door delivery for e-commerce clients.
“The acquisition is expected to enhance operational synergies and support the growth of Pakistan’s digital logistics ecosystem,” CCP stated.
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