SELECT Service Partner, the international concessions arm of catering services business Compass Group, is to acquire Mitropa AG from German Railway for a net consideration of €17·6m.
Now separated from DB’s on-train catering business, Mitropa has catering concessions at more than 60 German railway stations. It reported sales of around €115m during 2003, and made a small operating loss.
Compass Group Chief Executive Michael J Bailey said Mitropa would ’benefit from and complement our existing expertise in UK rail concessions’. He expects the accquisition to provide ’an excellent platform for further organic growth in all channels of travel concession throughout Central Europe.’
