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.
Subscribe to 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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Investors should buy into the nuclear power renaissance – Merryn Somerset Webb
Opinion A new golden age for nuclear power is upon us, says Merryn Somerset Webb
-
ETFs are getting active - is your portfolio ready?
Active ETFs are on the rise, challenging old assumptions. Find out why more investors are choosing this transparent, liquid and tax-efficient fund structure as an active investment strategy.