Nippon Express Expands North American Logistics with $1.6B Metro Supply Deal

Key Details Japanese logistics giant Nippon Express Holdings Inc. is acquiring Canada-based Metro Supply Chain Group for up to C$2.2 billion ($1.6 billion). The deal includes a base enterprise value of C$1.8 billion plus conditional payments up to C$400 million tied to Metro's financial performance. Why It Matters This acquisition significantly strengthens Nippon Express' North American footprint by combining two major regional players. Metro Supply Chain currently ranks No. 53 on Transport Topics' Top 100 logistics companies list, while Nippon Express (North America) sits at No. 58. The merger positions the combined entity as a stronger competitor in the continental logistics market. What's Next The transaction is expected to close between July and December this year, pending regulatory approval and adjustments based on Metro's net debt and working capital. Nippon Express is currently assessing how the acquisition will impact its fiscal 2026 business forecast. The final purchase price will be adjusted after these financial assessments are completed.