Overview

• Compass agreed to acquire Vermaat Groep for €1.5 billion, bringing its market-leading Netherlands operations under the FTSE 100 caterer’s umbrella alongside outlets in Germany and France.
• The company expects the transaction to drive margin expansion and boost earnings per share in the first full year of ownership.
• Compass now forecasts underlying operating profit growth of 11% in 2025, underpinned by organic revenue growth above 8%.
• Vermaat is projected to generate around €700 million in sales with a double-digit operating margin next year under its existing management team.
• Deal completion remains subject to regulatory approval and the divestment of stakes held by Bridgepoint and Partners Group.