Acquisitions22 May 2026, 08:40 am
LTM to Acquire Randstad's Tech & Consulting Biz for $500M+
AI Summary
LTM Ltd, through its subsidiary LTIMindtree UK Limited, has executed a Put Option Deed with Randstad N.V. to acquire Randstad's Technology and Consulting Services business in Europe and Australia for over $500 million (€469M). The acquisition includes subsidiaries in Netherlands, Australia, and France, along with step-down subsidiaries in Belgium, Luxembourg, Portugal, Romania, and Germany. This deal is part of a 360° partnership that includes a five-year IT services partnership for Randstad's India Global Capability Center and a strategic talent MSP. The transaction is subject to regulatory approvals and closing conditions.
Key Highlights
- LTM to acquire Randstad's Technology and Consulting Services business for $500M+.
- Acquisition expands LTM's presence in Europe and Australia.
- Deal includes a five-year IT services partnership with Randstad.
- Investor/analyst call scheduled for May 22, 2026, at 12:30 hours IST.
- Acquisition subject to regulatory approvals and closing conditions.
Price Impact
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