Nippon Express to buy Metro Supply for as much as $2.2 billion

The Japanese company is currently assessing the impact of the acquisition on its fiscal 2026 business forecastAuthor of the article:You can save this article by registering for free here. Or sign-in if you have an account.Nippon Express Holdings Inc. will acquire Canada-based Metro Supply Chain Group for as much as $2.2 billion to strengthen its logistics presence in North America.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.The agreement includes the purchase of the company at an enterprise value of $1.8 billion, plus a payment of as much as $400 million in cash, conditional on Metro Supply Chain achieving certain financial indicators, Nippon Express said in a statement on Friday. The Japanese company said the actual purchase price will be determined after adjustments based on Metro Supply Chain’s net debt and net working capital.The transaction is expected to close between July and December this year.Nippon Express is currently assessing the impact of the acquisition on its fiscal 2026 business forecast.Nippon Express shares were little changed to close at ¥3,847 on Friday, before the announcement. The stock has gained 15 per cent this year.Bloomberg.comPostmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.