NX Group Acquires Metro Supply Chain Group In Record CAD$1.8 Bln Deal

KUALA LUMPUR, April 21 (Bernama) -- Nippon Express Holdings Inc (NX Group) has reached an agreement to acquire all shares of Metro Supply Chain Group Inc (Metro Supply Chain Group) in a deal valuing the company at CAD$1.8 billion, marking the largest acquisition in NX Group’s history. (CAD$1 = RM2.89)

In a statement, NX Group said the agreement, signed on April 17, also includes a potential earnout of up to CAD$400 million, subject to Metro Supply Chain Group meeting specified financial targets.

Headquartered in Montreal, Metro Supply Chain Group operates across Canada, the United States and the United Kingdom, providing third-party logistics (3PL) services to sectors including consumer goods, automotive, manufacturing and healthcare.

Through the acquisition, NX Group aims to strengthen its presence in North America and enhance its end-to-end logistics capabilities.

The transaction aligns with the company’s long-term strategy under its “NX Group Management Plan 2028 Dynamic Growth 2.0”, which targets expanding its global footprint and reinforcing its position as a leading international logistics provider.

-- BERNAMA