NX Group to Acquire All Shares in Metro Supply Chain Group of Canada, Turning It into Subsidiary

NIPPON EXPRESS HOLDINGS, INC. (NX Group) has finalized an agreement to acquire all shares of Metro Supply Chain Group Inc. for a total transaction value of CAD 1.8 billion (approximately 207.0 billion yen). This acquisition, announced on April 21, 2026, represents the largest deal in NX Group's history and includes a potential earnout of up to CAD 400 million (approximately 46.0 billion yen) contingent upon the achievement of certain financial targets.

Metro Supply Chain Group, headquartered in Montreal, Canada, operates a robust logistics network across Canada, the United States, and the United Kingdom. The company specializes in providing third-party logistics (3PL) services to a diverse array of sectors, including consumer goods, automotive, manufacturing, and healthcare. This strategic acquisition is expected to bolster NX Group's logistics capabilities and significantly enhance its footprint in the North American market.

The acquisition aligns with NX Group's long-term strategy outlined in its "NX Group Management Plan 2028 Dynamic Growth 2.0," which aims to establish the company as a leading logistics provider with a strong global presence. By integrating Metro Supply Chain Group's established operations and expertise, NX Group seeks to accelerate its growth trajectory and improve its service offerings across key industries.

The logistics sector has been experiencing significant transformation, driven by increased demand for efficient supply chain solutions and the ongoing evolution of e-commerce. As companies strive to optimize their logistics networks, the integration of Metro Supply Chain Group's capabilities is expected to position NX Group favorably within this competitive landscape. The transaction not only underscores NX Group's commitment to expanding its North American operations but also reflects broader trends in the logistics industry, where consolidation is becoming increasingly common.

Overall, this acquisition is poised to have substantial implications for both NX Group and the logistics sector at large. As the company integrates Metro Supply Chain Group's operations, it is likely to enhance its competitive edge and drive innovation in logistics solutions. The successful execution of this deal may serve as a catalyst for further strategic investments in the sector, as companies seek to adapt to evolving market demands and capitalize on growth opportunities in North America and beyond.