LTM Buys Randstad's Europe, Australia Units in First Acquisition Since Merger
The proposed deal includes a five-year IT services partnership and a talent management agreement as LTM seeks to expand its AI and domain services.
- On Friday, LTM offered to acquire Randstad's Technology and Consulting Services business across France, Germany, Belgium, Luxembourg, and Australia for €160 million to scale domain-driven solutions and AI services.
- LTM aims to expand its presence in regulated verticals including Aerospace, Defence, Automotive, Utilities, and BFS by integrating local domain expertise and near-shore delivery capabilities through centers in Romania and Portugal.
- The acquisition is part of a 360° collaboration including a five-year IT services partnership to drive AI-enabled transformation for Randstad's India Global Capability Center, with a strategic talent MSP supporting LTM's expanding global workforce.
- Venu Lambu, CEO & MD of LTM, said the agreement aligns with building a "resilient, diversified, balanced portfolio," while Randstad CEO Sander van 't Noordende noted the deal streamlines their focus on high-growth segments.
- The acquired business represents over $500 million in annual revenue, with completion expected by Q3 of fiscal 2027; LTM's subsidiary LTIMindtree UK Limited will execute the transaction subject to customary regulatory approvals.
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LTM to acquire Randstad’s tech, consulting businesses for €160 million
LTM (formerly LTIMindtree) has on Friday offered to acquire Randstad’s Technology and Consulting Services business in France, Germany, Belgium, Luxembourg and Australia, which cumulatively represent over $500 million in annual revenue.
LTM issues offer to acquire Randstad’s tech, consulting business in Europe, Australia for $186 million
This acquisition is expected to add more than $500 million (€469 million) in annual revenue for LTM. The deal is expected to close by the beginning of Q3FY27, LTM CEO and MD Venu Lambu told Moneycontrol.
The Print
sydneysun.comLTM has issued an offer to acquire Randstad's Technology and Consulting Services business in Europe and Australia
BusinessWire India Mumbai (Maharashtra) [India], May 22: LTM has issued an offer to acquire Randstad’s Technology and Consulting Services business in Europe and Australia to scale domain-driven solutions and AI services. Show Full Article The deal would be part of a 360° partnership with Randstad involving: * Proposed acquisition of USD 500M+ (EUR469M) business, primarily […]
LTM to buy Randstad’s technology consulting business in Australian and Europe
Indian IT services group LTM is seeking to acquire the technology and consulting services business of global staffing giant Randstad in Australia and parts of Europe in a deal worth €160 million. Headquartered in Mumbai, LTM – rebranded from LTIMindtree earlier this year – sits behind the absolute Indian tech giants in Tata Consultancy Services, Infosys, Wipro, and HCLTech – but nevertheless generates over $4.
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