LTM to acquire Randstad’s tech, consulting businesses for €160 million
LTM has proposed to acquire Randstad’s Technology and Consulting Services business for €160 million. This acquisition aims to enhance LTM's presence in key markets and expand its capabilities in digital engineering and cybersecurity. The deal is part of a broader partnership that includes a five-year IT services collaboration with Randstad.
- ▪LTM is acquiring Randstad’s Technology and Consulting Services business in multiple countries for €160 million.
- ▪The acquisition is expected to be completed by Q3 of fiscal 2027 and will enhance LTM's market presence.
- ▪The deal includes a five-year IT services partnership to support AI-enabled transformation for Randstad's operations.
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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.The acquisition, proposed at a cash consideration of €160 million, is expected to be completed by Q3 of the fiscal 2027. It is expected to expand LTM’s presence in key markets, primarily across Aerospace & Defence, Automotive, Utilities and BFS, according to the company.It would also 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, said the firm.LTM further said, the deal would be part of a 360…
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