Compass Group PLC (CMPGF.PK,CPG.L) acquired NKS Kabushiki Kaisha Ltd and associated companies from its Chief Executive Yamamoto.
NKS is a provider of food services, mainly to the healthcare sector, in Japan. The business is based in Tokyo, operating around 200 units with over 1,200 staff.
The acquisition is expected to strengthen Compass' presence in expanding healthcare sector and, in particular, in senior living.
The company added that for the year ended March 31, 2011, NKS had revenues of JPY 6.4 billion and gross assets of JPY 4.7 billion.
Click here to receive FREE breaking news email alerts for Compass Group Plc and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com