Compass Group UK

Caterer buys tech start-up

Healthier food supply at the workplace is offered by the Tech-Start-up Feedr.
Compass Group
Healthier food supply at the workplace is offered by the Tech-Start-up Feedr.

To drive the digital transformation of the company, Compass Group UK & Ireland purchased the tech start-up Feedr for around 24 million US dollars. With this acquisition, which took place the beginning of June, the contract caterer is reacting more strongly to the new requirements for eating at work.

The Compass Group plans to use Feedr's software with its customers and to identify other potential applications of the technology in the education and healthcare sectors. The company also plans to expand Feedr as an independent brand and, for example, retain the Cloud Canteen ordering service, which allows companies to manage and bill their employees' lunch orders.

Feedr is an online platform with more than 100 suppliers of healthy and freshly prepared meals from which companies and employees can choose their lunch and have it delivered to the office. The Feedr app also allows users to track their food intake, make healthier decisions and get a better picture of their diet. The start-up's offering promises employees a wider choice of food, more spontaneous decisions and healthier and lighter options for their daily lunch.

Extend service to other British cities

Up to now, Feedr offers have concentrated mainly on the capital London. According to the Compass Group, the acquisition by the Compass Group enables the start-up to expand its service to other cities in Great Britain as quickly as possible.

As the two companies announced, the deal was already concluded in March 2020. The partners used the time of the shutdown in Great Britain to jointly establish a home delivery service for their customers. In addition, the Compass Group supported particularly vulnerable Londoners with free food deliveries coordinated via the Feedr platform.

About the Compass Group
Compass Group PLC is one of the world's leading food service companies with an annual turnover of 25.2 billion British pounds (€ 29.7 billion, as of 09/2019). The company is active in around 45 countries and employs around 600,000 people. The Compass Group also provides services in the core sectors of business & industry, healthcare & seniors, education, sports & leisure as well as defense, offshore & remote specialized with an established brand portfolio.
The British Compass Group is the parent company of Compass Group Germany. This is the market leader for catering and food services and one of the leading providers of support services in Germany. The portfolio of the contract caterer includes the brands Eurest, Food Affairs, Kanne Café and Leonardi. The Compass Group Germany has around 14,300 employees and, according to the 2019 financial year, achieved exclusive gv-praxis ranking, the company achieved sales of 612.9 million euros (-0,2 %).