Nippon Express Holdings has reached an agreement to acquire all shares of Metro Supply Chain Group Inc., marking the largest acquisition in the company’s history.
The deal, formalized through a share purchase agreement signed on April 17, 2026, values Metro Supply Chain Group at CAD 1.8 billion (approximately ¥207.0 billion) on an enterprise value basis. The agreement also includes a potential earnout of up to CAD 400 million (approximately ¥46.0 billion), subject to the company achieving specific financial targets outlined in the transaction terms.
Metro Supply Chain Group operates an extensive logistics network across Canada, the United States and the United Kingdom, offering third-party logistics services to a wide range of sectors, including consumer goods, automotive, manufacturing and healthcare.
Through the acquisition, Nippon Express Holdings aims to strengthen its footprint in North America while enhancing its end-to-end logistics capabilities. The move is expected to support the company’s broader strategic ambitions and accelerate its international growth trajectory.
The transaction aligns with the group’s long-term management plan, “NX Group Management Plan 2028 Dynamic Growth 2.0,” which focuses on expanding its global presence and positioning the company as a leading logistics provider in key international markets.
