NX Group to Acquire All Shares of Canada's Metro Supply Chain Group, Making It a Subsidiary

NIPPON EXPRESS HOLDINGS, INC.

Tokyo (ANTARA/Kyodo JBN) - NIPPON EXPRESS HOLDINGS, INC. (hereinafter “NX Group”) has reached an agreement to acquire all shares of Metro Supply Chain Group Inc. (“Metro Supply Chain Group”), based in Montreal, Canada, and has signed a share purchase agreement dated 17 April 2026.

This transaction values Metro Supply Chain Group at CAD1.8 billion (approximately 207.0 billion yen) based on the enterprise value, representing the largest acquisition in NX Group’s history. Additionally, an earnout payment of up to CAD400 million (approximately 46.0 billion yen) may be paid to the seller, depending on the achievement of certain financial targets as stipulated in the share purchase agreement.

Metro Supply Chain Group has a strong operational footprint in Canada, the United States, and the United Kingdom, providing third-party logistics (3PL) services for various industries, including consumer goods, automotive, manufacturing, and healthcare. Through this acquisition, NX Group aims to significantly expand its presence in the North American market and enhance its end-to-end logistics capabilities. This transaction is an important step towards accelerating NX Group’s long-term vision—as outlined in the “NX Group Management Plan 2028 Dynamic Growth 2.0”—to become a “logistics company with a strong global market presence.”