PAKISTAN – Technology
Systems Limited, one of Pakistan’s largest software and IT services companies, has announced its plan to acquire Confiz Pakistan (Private) Limited through a formal merger process.
The development was disclosed in a notice submitted to the Pakistan Stock Exchange (PSX) on Thursday. According to the filing, the Board of Directors approved the acquisition on December 10, 2025, through a resolution passed by circulation.
“The Board considered and approved the acquisition of Confiz Pakistan (Private) Limited, along with its direct and indirect shareholdings in the Confiz Group of Companies, by way of amalgamation/merger of Confiz with and into the Company, in accordance with a draft Scheme of Arrangement under Sections 279 to 283 and 285(8) of the Companies Act, 2017,” the notice stated. The approval remains contingent upon obtaining all required consents and regulatory clearances.
Under the proposed scheme, Systems Limited will issue new shares to the shareholders of Confiz as consideration for the merger.
The company noted that the arrangement is subject to approval from shareholders, creditors, and relevant regulators, as well as final sanction by the Lahore High Court. It may also undergo modifications based on legal requirements or procedural adjustments.
Confiz Pakistan (Private) Limited represents the local presence of Confiz, a global technology services provider founded in 2005. The company specializes in digital transformation, cloud solutions, data and AI services, software engineering, and mobile application development, with a strong footprint in retail, fintech, and other sectors.
Systems Limited, founded in 1977 and listed on the PSX in 2015, is a leading provider of software development and business process outsourcing services. The company supports organizations across the US, UK, EU, Middle East, and Pakistan in their digital transformation and technology modernization initiatives. – ER News Desk
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