Islamabad — The Competition Commission of Pakistan (CCP) has approved the acquisition of a shareholding in TCS Logistics (Private) Limited by Nippon Express (South Asia & Oceania) Pte. Limited, a Singapore-based subsidiary of Nippon Express Holdings, the Tokyo-headquartered global logistics giant.
According to the CCP, both companies operate in Pakistan’s third-party logistics (3PL) sector, and the relevant market was identified as 3PL services in the country. After conducting a Phase-I review under Section 11 of the Competition Act, 2010, the regulator concluded that the deal poses no significant competition concerns.
The Commission noted that the combined market share of both firms remains negligible after the acquisition, ruling out any possibility of market dominance or reduction in competition.
In fact, the CCP observed that the transaction is likely to generate efficiency gains by bringing international logistics expertise to Pakistan, which may improve service quality, enhance operational capabilities, and strengthen the overall logistics sector. Importantly, the regulator found no evidence of barriers to entry being created or reinforced.
Based on its review, the CCP formally authorized the proposed acquisition under Section 31 of the Competition Act, 2010.