3 February 2020: Compass Group PLC, the leading global food service company, today announces the completion of the acquisition of Fazer Food Services from Fazer Group. The transaction, which was announced on 11 June 2019, was approved by the European Commission on 29 January 2020.

Fazer Food Services is a renowned food catering business in the Nordic region. In 2018, it generated revenues of circa €600 million, with operations in Finland, Sweden, Norway, Denmark and Estonia, across several sectors including Business & Industry, Education, Healthcare, Seniors and Defence.

The acquisition of Fazer Food Services is part of Compass Group’s strategy of focusing on food as a core offering. Nearly 90% of Compass revenues come from food services and the acquisition is an excellent strategic fit for Compass of continued investment in core food services in the region.

Venkie Shantaram, Regional Managing Director, Continental Europe, said: “We are very pleased to have completed the acquisition of Fazer Food Services. Fazer Food Services is a food focused business with a high-quality portfolio of brands and a superb reputation in the Nordic region. This transaction will enhance Compass Group’s existing food offer in the Nordic market and will further augment our portfolio of high quality and innovative brands in Europe”.

Kathinka Friis-Møller, Managing Director, Compass Group Nordics, said: “We are delighted to finally welcome our Fazer Food Services colleagues into the Compass Family. Our objective for the foreseeable future will be to build on the cultural heritage of both businesses, taking pride in creating one team with a common set of values. We will continue to deliver the same high-quality service to our clients and consumers, focusing on innovation, health and sustainability. Together we have the best and most experienced team in the industry and our combined future is very exciting”.    

Headquartered in the UK and with operations in around 45 countries, Compass Group is a global leader in food services, employing 600,000 colleagues worldwide and serving over 5.5 billion meals per year. Compass Group operates under several brands in the Nordic market including Eurest, Chartwells, Medirest, ESS and Levy Restaurants.

Media

Norway: Ingvil Rasten Fongod   

Denmark: Kristofer Kjellman

Finland: Satu Ikäheimo

Sweden: Henrik Strinning

 

+47 93 86 27 81

+45 3016 8303

+358 503804996

+46 70 549 59 78

 

Website

www.compass-group.com

 

Notes to Editors

About Compass Group PLC

Compass Group PLC is a leading global food service company, which generated annual revenues of around €30 billion in the year to 30 September 2019.  It operates in around 45 countries, employs and engages with 600,000 people and serves over 5.5 billion meals a year. The Company specialises in providing food and a range of support services across the core sectors of Business & Industry, Healthcare & Seniors, Education, Sports & Leisure and Defence, Offshore & Remote, with an established brand portfolio.

About Fazer Food Services

Fazer Food Services is a premier food service provider in the Nordics operating more than 1,000 restaurants, serving almost 500,000 meals daily. The Company employs approximately 7,000 employees across Finland, Sweden, Denmark and Norway and generated a turnover of circa €600 million in 2018. Fazer Food Services also operates a production kitchen in Estonia. Fazer Food Services specialises in high quality food solutions for clients in sectors such as Business and Industry as well as Education, Healthcare, Seniors and Defence.