LTM issues offer to acquire Randstad’s Technology, consulting business in Europe, Australia

LTM Ltd. | IT - Software | IT & ITES | BSE: 540005 | NSE: LTM

22 May 2026 Evaluate

LTM has issued an offer to acquire Randstad’s Technology and Consulting Services business in France, Germany, Belgium, Luxembourg and Australia, representing over $500 million (469 million euro) in annual revenue, to scale domain-driven solutions and AI services in the region. This acquisition is proposed to be completed through the company’s wholly owned subsidiary -- LTIMindtree UK (LTM UK) subject to customary regulatory approvals, and other closing conditions. The acquisition is valued at an enterprise valuation of up to 160 million euro on a cash-free, debt free basis, subject to customary valuation adjustments on closing. The proposed acquisition is expected to be completed by Q3 FY27.

The proposed acquisition would expand the company’s presence in key markets, primarily across Aerospace & Defence, Automotive, Utilities and BFS. It would enable local domain expertise and complementary regional capabilities in domain-driven digital engineering, cybersecurity and IoT, supported by onshore and nearshore delivery through centers in Romania and Portugal. This would create a more diversified portfolio for the company - expanding its scale in Europe and Australia, enhancing its position in regulated and high-growth verticals through marquee customer relationships.

The deal would augment the company’s global AI-centric capabilities with local domain and near-shore expertise crucial for delivering digital and AI transformation for customers in a sovereign-compliant and scalable model. It would reinforce the company’s global delivery foundation through expanded regional presence. The proposed acquisition is part of a 360-degree collaboration including a five-year IT services partnership to drive AI-enabled transformation for Randstad’s India Global Capability Center, and a strategic talent MSP to support the company’s expanding global workforce.

LTM (formerly LTIMindtree) - a Larsen & Toubro Group Company - is an AI-centric global technology services company and the Business Creativity partner to the world’s largest enterprises. Its capabilities span integrated operations, transformation, and business AI - enabling new ways of working, new productivity paradigms, and new roads to value.

LTM Share Price

3888.05 48.05 (1.25%)

15-Jun-2026 16:01 View Price Chart

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