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Nippon Express Holdings has signed an agreement to acquire Canada-based Metro Supply Chain Group in a deal valued at CAD 1.8 billion, marking the largest acquisition in the company’s history. The transaction includes a potential earnout of up to CAD 400 million, subject to performance targets. Metro operates across Canada, the United States and the United Kingdom, offering third-party logistics services across multiple sectors. The acquisition is aimed at strengthening Nippon Express’ presence in North America and expanding its end-to-end logistics capabilities. The deal aligns with the company’s long-term strategy to scale its global operations under its “Dynamic Growth 2.0” management plan.
Nippon Express Holdings, Inc. has entered into a share purchase agreement to acquire 100% of Canada-based Metro Supply Chain Group Inc., in a transaction valued at CAD 1.8 billion on an enterprise value basis. The agreement, signed earlier this month, represents the largest acquisition undertaken by the Japanese logistics major to date. Advertisement
The transaction also includes an earnout component of up to CAD 400 million, which will be payable to the sellers subject to the achievement of specified financial performance targets as outlined in the agreement. The structure reflects a performance-linked approach to valuation, commonly adopted in large cross-border acquisitions.
Metro Supply Chain Group operates an established third-party logistics (3PL) platform with a presence across Canada, the United States and the United Kingdom. The company provides supply chain and logistics services to a diversified client base spanning sectors such as consumer goods, automotive, manufacturing and healthcare.
Through this acquisition, Nippon Express aims to expand its footprint in the North American logistics market and strengthen its service capabilities across the value chain. The integration of Metro’s operations is expected to enhance the company’s ability to deliver end-to-end logistics solutions, including warehousing, distribution and supply chain management services.
The deal forms part of Nippon Express Holdings’ broader global expansion strategy outlined under its “NX Group Management Plan 2028 Dynamic Growth 2.0”. The plan focuses on strengthening the company’s position as a globally integrated logistics provider, with increased presence in key international markets.
The North American market is a strategic growth area for global logistics players, driven by strong demand across industrial, retail and e-commerce sectors. The acquisition of Metro Supply Chain Group provides Nippon Express with immediate scale in the region, along with access to an established customer base and operational infrastructure.
The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to be completed following the fulfilment of these requirements.
Nippon Express Holdings indicated that the acquisition is aligned with its long-term objective of building a globally competitive logistics platform. By strengthening its presence in North America and integrating Metro’s operational capabilities, the company is positioning itself to address evolving supply chain requirements across international markets.
Source - PTI
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