Systems Limited has announced a landmark acquisition of Confiz Pakistan (Private) Limited, along with all its direct and indirect shareholdings in the Confiz Group of Companies. The transaction, approved by Systems Limited’s Board of Directors, will be executed through an amalgamation, merging Confiz into Systems Limited under a draft Scheme of Arrangement prepared in accordance with the Companies Act, 2017.
The merger is subject to approval from multiple stakeholders, including shareholders, creditors, regulatory authorities, and the Lahore High Court. Under the proposed arrangement, Systems Limited will issue shares to the shareholders of Confiz, effectively integrating the two companies’ operations, resources, and market presence.
The Board of Systems Limited has authorized the CEO, CFO, and Company Secretary to negotiate, finalize, and execute all necessary agreements and documentation required to complete the transaction. The company emphasized that the scheme and all accompanying documents will be shared with the Pakistan Stock Exchange (PSX) and shareholders once finalized, following guidance from the Lahore High Court and in compliance with applicable legal and regulatory requirements.
Systems Limited highlighted that the merger remains contingent on receiving all mandatory approvals, as well as any revisions that may arise during the regulatory or legal review process. The company described the move as a strategic step to strengthen its position in the technology and digital solutions sector, leveraging Confiz’s expertise, client base, and operational capabilities.
The acquisition marks one of the most significant consolidation efforts in Pakistan’s tech industry, aiming to create synergies, expand service offerings, and enhance competitiveness. Both companies expect the merger to bring operational efficiencies, integrated service solutions, and an expanded market footprint across local and regional markets.
Once completed, the amalgamation is set to reinforce Systems Limited’s role as a leading technology provider in Pakistan, demonstrating the growing trend of strategic mergers and acquisitions shaping the country’s dynamic tech ecosystem.
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