NIPPON EXPRESS HOLDINGS, INC. (President: Satoshi Horikiri; hereafter "NX Group") has reached an agreement to acquire all shares of Metro Supply Chain Group Inc. ("Metro Supply Chain Group") and entered into a share purchase agreement, dated April 17, 2026.
The transaction values Metro Supply Chain Group at CAD 1.8 billion (approximately ¥207.0 billion) on an enterprise value basis,representing the largest acquisition in NX Group's history. In addition, an earnout of up to CAD 400 million (approximately ¥46.0 billion) may be payable to the sellers, contingent on the company meeting certain financial targets as defined in the share purchase agreement.
Metro Supply Chain Group has a strong operational footprint across Canada, the United States, and the United Kingdom, providing third-party logistics (3PL) services to a broad range of industries including consumer goods, automotive, manufacturing, and healthcare. Through this acquisition, NX Group expects to significantly expand its presence in the North American market and enhance its end-to-end logistics capabilities. The transaction represents a pivotal step toward accelerating NX Group's long-term vision -- set out in its management plan "NX Group Management Plan 2028 Dynamic Growth 2.0" -- of becoming "a logistics company with a strong presence in global markets."
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