CCP clears proposed acquisition of SAA Services by Systems Ltd

The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of SAA Services (Private) Limited by Systems Limited from the British American Tobacco International Holdings (UK) Limited. The transaction, executed under a Share Purchase Agreement, was reviewed under Phase-I of CCP’s merger assessment framework in accordance with the Competition Act, 2010. Systems Limited, a leading Pakistani technology company in software development, BPO, and cloud services, will acquire full ownership of the captive service provider which currently operates within the global British American Tobacco Group. The entity provides IT and IT-enabled services such as HR, finance, procurement, and digital technology to group companies, without serving any external customers in Pakistan or internationally. After conducting its review, the CCP concluded that the transaction raises no competition concerns as the target’s operations are confined to the BAT Group and there is no overlap with Systems Limited in the domestic BPO sector.