An international investment group has expressed interest in acquiring a majority shareholding in TPL Trakker Limited (TPLT), a subsidiary of TPL Corp Limited, according to a notice submitted by the company to the Pakistan Stock Exchange (PSX) on Wednesday.

TPL Corp stated that the proposed transaction remains subject to corporate approvals, regulatory clearances, due diligence, negotiations between the parties, and the execution of definitive agreements.

The company did not disclose the identity of the prospective investor or the potential size and value of the transaction.

"We are pleased to inform you that an international investment group has expressed its interest in acquiring majority shareholding stakes in TPL Trakker Limited, a subsidiary of TPL Corp Limited," the company said in its filing.

TPL Trakker is one of Pakistan’s leading technology and Internet of Things (IoT) solutions providers. The company specializes in vehicle tracking, fleet management, and digital monitoring services for both corporate and individual clients.

Originally incorporated as TPL Vehicle Tracking (Private) Limited in December 2016, the company has expanded its operations beyond conventional tracking services to offer a diversified suite of IoT solutions, including fuel monitoring, cold chain monitoring, generator monitoring, and driver behavior analytics.

The development comes as TPL Trakker continues to expand its regional presence. In August 2025, its subsidiary, Trakker Middle East LLC, secured its first project in Africa, providing IoT-based fuel monitoring solutions in Chad, marking a key milestone in the company's international growth strategy.

Market participants are expected to closely monitor further developments regarding the potential acquisition, which could strengthen TPL Trakker’s growth prospects, support regional expansion, and bring additional strategic and financial resources to the business.

The transaction, if finalized, would represent another notable foreign investment interest in Pakistan’s technology and IoT sector, reflecting growing recognition of local companies operating in digital infrastructure and connected technology solutions.