LTM to Acquire Randstad's Tech & Consulting Business for $500M+

LTM Ltd, through its subsidiary LTIMindtree UK Limited, has executed a Put Option Deed with Randstad N.V. and its subsidiaries to acquire Randstad's Technology and Consulting Services business in Europe and Australia. The deal, valued at over $500 million (€469M), aims to scale domain-driven solutions and AI services. The acquisition includes subsidiaries in the Netherlands, Australia, and France, along with step-down subsidiaries in Belgium, Luxembourg, Portugal, Romania, and Germany. This move is part of a 360° partnership with Randstad, including a five-year IT services agreement and a strategic talent MSP. The transaction is subject to regulatory approvals and customary closing conditions.