17 August 2010
Compass Group Acquires Tirumala Hospitality Services in India
We are pleased to announce today the acquisition of Tirumala Hospitality Services Private Limited ("THS"') from Mr Ramkrishna Mankari and his family. THS is a strong regional player in the foodservice industry in Western India, specialising in the provision of catering services to the Business and Industry sector. The gross assets of the business acquired were INR 105.2m (£1.4m) as at 31 March 2010 with revenue for the 12 months to 31 March 2010 of INR 271.6m (£3.7m).
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About Compass Group PLC
Compass Group is the world's leading foodservice company. We specialise in providing food, vending and related services on our clients' premises and we generated annual revenues of over £13 billion in the year to 30 September 2009. The company operates across the following core sectors of Business & Industry, Defence, Offshore & Remote Site, Healthcare, Education, Sports & Leisure and Vending with an established brand portfolio. For more information visit www.compass-group.com
Enquiries:
Investors/Analysts Sarah John / Kate Messum +44 (0)1932 573000
Media Finsbury: Clare Hunt +44 (0)20 7251 3801
Website: www.compass-group.com