Compass buys Japanese care home caterer
Acquisition-hungry caterer Compass is at it again, buying another company, this time in Japan.
Acquisition-hungry caterer Compass is at it again, buying another company, this time in Japan.
It has gobbled up NKS Kabushiki Kaisha and associated companies a provider of food services, primarily to the healthcare sector, in Japan. The business is based in Tokyo, operating around 200 units with over 1,200 staff.
The acquisition strengthens Compass's presence in the expanding healthcare sector and, in particular, in senior living, which is a significant growth area in Japan.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Compass did not reveal how much it paid for the business but did disclose that NKS had revenues of around £50m in the year to the end of March 2011 and that it has gross assets of around £36m.
jh
-
Premium Bonds quiz: How much do you know about the NS&I savings product?Quiz Many savers choose Premium Bonds in the hopes of winning a prize in the monthly draws. How much do you know about the savings product?
-
UK dividends rose in final quarter of 2025, but share buybacks ate into investor payoutsLast year saw dividend growth continue to fall below pre-pandemic averages, against a backdrop of increasing share buybacks.
