CCP allows Secure Logistics Group to acquire Trax Online
ISLAMABAD: 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.
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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.
