Montreal: NIPPON EXPRESS HOLDINGS, INC. (NX Group) has announced its agreement to acquire all shares of Metro Supply Chain Group Inc., a company based in Montreal, Canada. This strategic acquisition will see the Canadian logistics firm become a subsidiary of NX Group, following the execution of a share purchase agreement on April 17, 2026.

According to BERNAMA News Agency, this acquisition values Metro Supply Chain Group at CAD1.8 billion, which is approximately 207.0 billion yen, marking it as the largest acquisition in NX Group's history. Furthermore, there is a provision for an earnout of up to CAD400 million (approximately 46.0 billion yen) that may be paid to the sellers. This earnout is contingent upon Metro Supply Chain Group meeting specific financial targets that have been outlined in the share purchase agreement.