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 4.7 billion (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.
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