Compass snaps up two Indian caterers

CATERING giant Compass has bought two firms in india.

The company has snapped up Delhi-based Vipul Facility Management, which has gross assets of 342.2m Indian rupees (£5.2m) and Hyderabad-based Ultimate Hospitality Services (UHS) for 42.1 rupees.

Compass chief executive Richard Cousins said: “VFM provides an excellent platform to develop our support services capabilities in the region and enables us to offer an extended range of services to clients,” said Compass chief executive Richard Cousins.

“UHS further enhances our existing foodservice offering in India and provides a strong foothold in the Hyderabad region.”

Last week Edenred, the French pre-paid meal vouchers group, denied that it was in contact with Compass, the world’s biggest caterer, amid speculation it was in talks about a tie-up. Speculation that Compass Group could be preparing a bid for Edenred had already boosted its stock in November.