MUMBAI, India--(BUSINESS WIRE)--$LTM<\/a> #AItransformation<\/a>--LTM<\/a> and Randstad announced that LTM has issued an offer to acquire Randstad\u2019s Technology and Consulting Services <\/b>business in France, Germany, Belgium, Luxembourg and Australia, representing USD 500+ million (\u20ac469M) in annual revenue, to scale domain-driven solutions and AI services in the region.<\/p> \nThe proposed acquisition would expand LTM\u2019s 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.<\/p> \nThis would create a more diversified portfolio for LTM \u2013 expanding its scale in Europe and Australia, enhancing its position in regulated and high-growth verticals through marquee customer relationships.<\/p> \nThe deal would augment LTM\u2019s 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 LTM\u2019s global delivery foundation through expanded regional presence.<\/p> \nThe proposed acquisition is part of a 360\u00b0 collaboration including a five-year IT services partnership to drive AI-enabled transformation for Randstad\u2019s India Global Capability Center, and a strategic talent MSP to support LTM\u2019s expanding global workforce.<\/p> \nVenu Lambu, CEO & MD of LTM said<\/b>:<\/b> \u201cThe proposed agreement is aligned with our five-year strategy to build a more resilient, diversified, balanced portfolio. By combining our global AI-centric capabilities with local context and industry depth, this acquisition would strengthen our ability to deliver compliant, domain-driven AI services and sovereign solutions in markets that are strategically important to us. This 360\u00b0 partnership with Randstad would be a key step forward in our growth journey.\u201d<\/p> \nSander van \u2018t Noordende, CEO of Randstad said: <\/b>\u201cThe proposed agreement marks a deliberate step in our Partner For Talent strategy. By partnering with LTM, we would ensure our clients continue to receive world-class services while we streamline our portfolio to invest in growth segments and digital marketplaces that offer the most scale and value. We are equally excited to partner with LTM in India, where their AI expertise will be instrumental in evolving our digital capabilities.\u201d<\/p> \nThis acquisition is proposed to be completed through LTM\u2019s wholly owned subsidiary \u2013 LTIMindtree UK Limited (\u2018LTM UK\u2019) subject to customary regulatory approvals, and other closing conditions.<\/p> \nAbout LTM<\/b><\/p> \nLTM<\/a> \u2014 a Larsen & Toubro Group Company \u2014 is an AI-centric global technology services company and the Business Creativity partner to the world\u2019s largest enterprises. We bring human insights and intelligent systems together to help clients create greater value at the intersection of technology and domain expertise. Our capabilities span integrated operations, transformation, and business AI \u2014 enabling new ways of working, new productivity paradigms, and new roads to value. Together with over 87,000 employees across 40 countries and our global network of partners, LTM owns outcomes for our clients, helping them not just outperform the market, but Outcreate it. Read more at LTM.com<\/a>.<\/p> \nAbout Randstad<\/b><\/p> \nRandstad is the world\u2019s leading talent company with the vision to be the world\u2019s most equitable and specialized talent company. We are a partner of choice for talent and clients. We have a deep understanding of the labor market and through our four specializations \u2013 Operational, Professional, Digital and Enterprise \u2013 help our clients create the high-quality, diverse and agile workforces they need to succeed. We are committed to providing equitable opportunities to people from all backgrounds and help them remain relevant in the rapidly changing world of work. Through the value we create, we are committed to making the world of work better for all. Headquartered in the Netherlands, Randstad operates in 39 markets and has approximately 38,000 employees. In 2025, we supported nearly 150,000 clients and over 1.7 million talent, generating a revenue of \u20ac23.1 billion. Randstad N.V. is listed on the Euronext Amsterdam. For more information, see www.randstad.com<\/a>.<\/p>![](\"https:\/\/mms.businesswire.com\/media\/20260521440870\/en\/2813031\/22\/LTM.jpg\")
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