Nippon Express Holdings Inc. has signed a deal to buy Canadian company Metro Supply Chain Group Inc.
The deal values Montreal-based Metro Supply Chain Group at $1.8-billion on an enterprise value basis.
The agreement also includes an earnout of up to $400-million payable to the sellers, contingent on the company meeting certain financial targets.
Metro Supply Chain Group has operations across Canada, the United States and the United Kingdom.
The company provides third-party logistics services to a range of industries.
Nippon Express Holdings provides logistics services to companies in 57 countries and regions around the world.