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The Competition Commission of Pakistan (CCP) has officially approved Secure Logistics Group’s acquisition of Trax Online (Pvt.) Ltd. through a Share Purchase Agreement (SPA). The regulatory clearance marks a significant move in Pakistan’s growing digital logistics sector.
Both Secure Logistics Group Ltd. (SLGL) and Trax Online had earlier submitted a pre-merger notification as required under the Competition Act, 2010. Following a detailed review, the CCP identified the relevant market as courier and e-commerce logistics services within Pakistan.
The commission categorized the transaction as a conglomerate merger, noting there are no horizontal or vertical overlaps between the two entities. CCP further concluded that Secure Logistics Group’s acquisition of Trax Online would neither create a dominant position nor harm competition within the market.
SLGL is a publicly listed firm specializing in long-haul and medium-haul logistics, asset tracking, fleet management, and security solutions. In the quarter ending March 31, 2025, SLGL recorded a profit of Rs160 million, resulting in earnings per share (EPS) of Re0.59.
Trax Online (Pvt.) Ltd., meanwhile, operates as a private company, offering warehousing services and door-to-door delivery for e-commerce businesses.
According to the CCP’s statement, the acquisition is anticipated to drive operational efficiencies and further strengthen Pakistan’s expanding digital logistics landscape. Industry experts believe this move positions Secure Logistics Group to better serve the evolving needs of the e-commerce and logistics sectors.
