May 31, 2021 (MLN): The Board of Systems Limited, has approved the acquisition of 20% of the shares of Retailistan (Private) Limited (RPL), at a cost of Rs. 468 million and authorized the Systems Management to do this investment through its wholly-owned subsidiary Systems Ventures (Private) Limited (SVL).
The company, having completed its due diligence in the acquisition of a minority shareholding in RPL, presented the case to the Systems Limited Board in its meeting on May 28th, 2021.
Founded in 2015 RPL is a leading technology company focused on the digitalization of the retail supply chain in Pakistan. The company was founded and is managed by a highly-skilled group of four engineers who have had deep experience in Pakistan’s retail supply chain. Their product SalesFlo is used by most of the major producers and distributors of consumer goods in Pakistan. They have also launched a wholly-owned subsidiary Jugnu which aims at disrupting the B2B retail supply chain, as per the notice issued to exchange,
This investment is aimed at enhancing our presence in the digital retail landscape of Pakistan and it complements our investment in EP Systems which manages the OneLoad product. Combined these will provide Systems access to potential synergies in technologies and access to digital mapping of the retail universe.
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