The Competition Commission of Pakistan has approved the acquisition of a shareholding in Northern Technik (Private) Limited by UAE-based International Business Company FZE, clearing the way for fresh foreign investment in Pakistan’s aviation services sector.
According to the commission, the transaction has been authorized following a Phase I competition assessment under the Competition Act, 2010, after it found that the deal does not raise any competition concerns.
The acquiring company, International Business Company FZE, is based in the United Arab Emirates and operates in general trading, import and export services, along with consultancy in business, marketing, and management.
The target company, Northern Technik (Private) Limited, is a Pakistan-based aircraft maintenance services provider that offers line maintenance support to commercial airlines operating in the country.
SPARS (Private) Limited is a diversified local group with interests across real estate, aviation, telecom, pharmaceuticals, information technology, construction, and engineering.
The CCP said the relevant market for the review was defined as aircraft line maintenance services in Pakistan, noting that the sector remains fragmented with multiple service providers, including both airline in-house units and independent operators.
The commission added that there is no horizontal overlap between the businesses of the acquirer and the target, meaning the transaction is not expected to change market concentration or create a dominant position.