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 expected to be completed by Q3 of fiscal 2027 and includes a five-year IT services partnership with Randstad.
- ▪LTM is acquiring Randstad's Technology and Consulting Services business in multiple countries.
- ▪The acquisition is valued at €160 million and is expected to close by Q3 of fiscal 2027.
- ▪This deal will enhance LTM's capabilities in aerospace, automotive, utilities, and BFS sectors.
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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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