Systems Limited (PSX: SYS), one of Pakistan’s leading software companies, has announced plans to explore a potential acquisition in the Information Technology (IT) and IT-enabled services sector.

In a notice issued to the Pakistan Stock Exchange (PSX) on Wednesday, the company stated that the acquisition is contingent upon the finalization of commercial terms, completion of due diligence, execution of definitive agreements, and receipt of necessary regulatory approvals.

“Systems Limited will keep the Pakistan Stock Exchange Limited apprised of material developments,” the notice read.

The company, a key player in Pakistan’s tech industry, specializes in software development, software trading, and business process outsourcing services. The potential acquisition signals Systems Limited’s intent to expand its footprint in the IT and IT-enabled services market, further solidifying its position as a leader in the sector.