Nippon Express Holdings signed an agreement on 17 April to acquire Metro Supply Chain Group, a Montreal-based third-party logistics provider, at an enterprise value of C$1.8bn.
Why NIPPON EXPRESS HOLDINGS, INC. (NX Group) is buying Metro Supply Chain Group Inc.
NX Group said the deal would significantly expand its presence in North America and strengthen its end-to-end logistics capabilities, supporting the goal in its 2028 management plan of becoming a logistics company with a strong presence in global markets. Metro provides contract logistics, transportation, last-mile delivery and contract packaging for consumer goods, automotive, manufacturing and healthcare customers.
“This is an exciting new chapter for Metro Supply Chain, our people and our customers”
Deal terms and financing
The enterprise value is C$1.8bn, about ¥207bn, with an earnout of up to C$400m payable if Metro meets financial targets set in the share purchase agreement.
Regulatory approvals and timing
Metro Supply Chain announced on 9 October 2026 that its acquisition by NX Group had been completed. It keeps its name, executive team and Montreal headquarters, and founder Chiko Nanji remains group chairman.
Market context
Metro has grown over five decades from a single Montreal warehouse into a logistics provider with operations in Canada, the US and the UK. NX Group operates in 56 countries.
