ISLAMABAD, May 07 The Competition Commission of Pakistan (CCP)
has approved the 100% acquisition of Trax Online (Pvt.) Ltd. by Secure
Logistics Group Ltd. under a Share Purchase Agreement.
Both parties had submitted a pre-merger application in line with the
Competition Act, 2010. CCP’s review identified the relevant product
market as Courier and E-Commerce Logistics Services in Pakistan.
The deal is a conglomerate merger with no horizontal or vertical
overlaps. CCP concluded that the transaction will not result in
dominance or lessen competition in the relevant market. Secure Logistics
Group Ltd. (SLGL) is a public listed company offering long-haul and
medium-haul logistics, asset tracking, fleet management, and security
services. 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