Nippon Express Holdings Inc. will acquire
Metro Supply Chain Group for as much as $2.2 billion to strengthen its
in
.
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
said the actual purchase price will be determined after adjustments based on Metro Supply Chain’s
and net working capital.
The transaction is expected to close between July and December this year.
Nippon Express is currently assessing the
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.