Universal Network Systems to acquire Universal Freight Systems

March 03, 2023 (MLN): The Board of Directors of  Universal Network Systems Limited has approved the acquisition of 100% of the issued and paid-up share capital of its associated company, Universal Freight Systems (Private) Limited, the company's filing on PSX showed today. 

The acquisition is subject to necessary regulatory approvals and the approval of the company's members, as per Section 199 of the Companies Act, 2017.

This acquisition is a strategic move by Universal Network Systems Limited, as it will enable them to expand their services in the freight and logistics sector. Universal Freight Systems (Private) Limited has a strong reputation in the industry and a proven track record of delivering quality services to its clients.

The acquisition is expected to bring numerous benefits to Universal Network Systems Limited, including increased market share, an expanded customer base, and a more diversified service portfolio.

This move is in line with the company's long-term growth strategy, and they are confident that it will create value for their stakeholders.

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