Systems Ltd (PSX: SYS), Pakistan’s largest listed technology and IT services exporter, has approved the acquisition of Confiz Pakistan (Pvt) Ltd in a transaction that will be executed through a court-sanctioned merger rather than a straightforward cash purchase.
In a notice to the Pakistan Stock Exchange dated 11 December 2025, Systems said its board – via resolutions passed through circulation on 10 December – had “considered and approved” the acquisition of Confiz Pakistan (Pvt) Ltd and “all its direct and indirect shareholdings in the Confiz Group of Companies” by way of an “amalgamation / merger” of Confiz “with and into” Systems.
Confiz, meanwhile, has also publicly confirmed that a definitive agreement has been signed. In a 11 December 2025 announcement published on its website, Confiz said it had entered into a definitive agreement to be acquired by Systems Ltd, describing Systems as “the region’s largest global IT services and consulting” organisation, and noting that the acquisition remains subject to customary regulatory and corporate approvals. Confiz framed the deal as a “strategic global expansion” move, and said it would continue operating as an independent business unit supported by talent hubs across multiple regions, adding that the combined entity will operate in “13+ countries”. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
