Overview
- Nippon Express Holdings said it will acquire all shares of Montreal-based Metro Supply Chain Group, making it a subsidiary.
- The deal values Metro at C$1.8 billion on an enterprise basis with up to C$400 million in earnout payments tied to financial targets.
- Metro provides third-party logistics services in Canada, the United States, and the United Kingdom for consumer goods, automotive, manufacturing, and healthcare clients.
- NX said the acquisition will expand its North American footprint and strengthen its end-to-end logistics services under its Management Plan 2028.
- The announcement did not specify a closing timetable or regulatory approvals, leaving the timing and review process undisclosed.