NX Group's Landmark Acquisition of Metro Supply Chain Group
Nippon Express Holdings, Inc. (NX Group) is set to acquire Canada's Metro Supply Chain Group for CAD1.8 billion, marking NX Group's largest acquisition. This move aims to solidify NX Group's presence in North America and align with their 2028 growth plan for global market prominence in logistics.
- Country:
- Japan
Nippon Express Holdings, Inc. (NX Group) has announced its agreement to purchase Metro Supply Chain Group, based in Montreal, valuing the company at CAD1.8 billion. This marks the largest acquisition in NX Group's history.
The acquisition, including a potential earnout of CAD400 million, expands NX Group's reach across North America, notably in the USA, UK, and Canada, enhancing its logistics capabilities across various industries.
This pivotal move aligns with the NX Group Management Plan 2028 Dynamic Growth 2.0, accelerating NX Group's vision of establishing a dominant global logistics presence.
(With inputs from agencies.)
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