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
-
Six out of 10 retirees who accessed a pension didn’t use Pension Wise - how does the guidance service work?Many pension savers don’t bother using the free government-backed service Pension Wise. So, how does it work, and could it be useful for you?
-
UK-EU trade deal: Britain to get a £9bn boost to the economy by 2040The government’s agreement with the EU follows on from separate deals with India and the United States. Will it breathe life into the UK economy?
