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said Friday it has bought the consumer electronics and automobiles units of diversified Uniwalkers Ltd. as part of an expansion plan. "This is a part of our strategy to diversify, expand our operations and increase annual turnover levels," said Ashok Pathirage, the company's chairman. He declined to disclose the value of the deal.
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Softlogic's core business is computers, software development and communications.
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Among others, the company is the local dealer of companies like Dell, Nokia and Sun Microsystems.
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Uniwalkers is the local agent for Japan's Matsushita Industries and Daihatsu.
Softlogic plans to increase annual revenue to around $400 million and list on the Colombo bourse over the next two years, said Pathirage.
The company owns and manages 13 subsidiaries and its current revenue is around million.
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Its subsidiaries are based in Australia, Pakistan and Singapore and mainly offer software development solutions to customers in those countries.
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Softlogic recently ventured into property development through a $25 million luxury apartment and commercial complex project in Colombo.
The compa