CCP Approves Acquisition of Trax Online by Secure Logistics Group

The Competition Commission of Pakistan (CCP) has granted approval for Secure Logistics Group Ltd. to fully acquire Trax Online (Pvt.) Ltd. This agreement was formalized under a Share Purchase Agreement (SPA) on Wednesday.

According to an official statement, both entities had initially submitted a pre-merger application, adhering to the guidelines outlined in the Competition Act of 2010. The CCP’s subsequent evaluation defined the relevant market segment as encompassing courier and e-commerce logistical services within Pakistan.

The CCP characterized the transaction as a conglomerate merger, noting the absence of horizontal or vertical overlaps. Their assessment concluded that the acquisition is unlikely to establish market dominance or substantially reduce competition within the sector.

Details of the Involved Companies

Secure Logistics Group Ltd. (SLGL), a publicly traded entity, specializes in providing long-haul and medium-haul logistics solutions, alongside asset tracking, fleet administration, and security services. For the fiscal quarter concluding on March 31, 2025, SLGL reported a profit of Rs160 million, which equates to earnings per share of Re0.59.

Trax Online (Pvt.) Ltd., in contrast, is a privately held firm with a focus on offering warehousing solutions and door-to-door delivery services tailored for e-commerce businesses.

Expected Impact of the Acquisition

The CCP anticipates that “the acquisition will foster enhanced operational effectiveness and provide backing for the expansion of Pakistan’s digital logistics landscape.”