Compass Group Acquires NKS in Japan
We are pleased to announce that Compass Group has acquired NKS Kabushiki Kaisha Ltd and associated companies (together "NKS") from Mr Yamamoto, its Chief Executive. For the year ended 31 March 2011, NKS had revenues of JPY 6.4 billion (c.£50 million) and gross assets of JPY 4.7billion (c.£36 million).
NKS is 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' presence in the expanding healthcare sector and, in particular, in senior living, which is a significant growth area in Japan.
Compass Group acquired a majority holding in Seiyo Foods in 2002 and increased its ownership to 100% in stages between 2002 and 2009. Seiyo Foods is a leading provider of food services across the Business & Industry, Healthcare, Education, and Sports & Leisure sectors. It currently employs around 22,500 people and operates approximately 1,750 business units across the country.
About Compass Group PLC
Compass Group PLC is a world-leading food and support services company, which generated annual revenues of £15.8 billion in the year to 30 September 2011. It operates in around 50 countries, employs over 470,000 people and serves over 4 billion meals every year. The company specialises in providing food and a range of support services across the core sectors of Business & Industry, Defence, Offshore & Remote Site, Healthcare, Education, Sports & Leisure and Vending with an established brand portfolio.