LTM acquires technology and consulting company Randstad for EUR 160 million

LTM (formerly LTIMindtree) on Friday offered to acquire Randstad’s Technology and Consulting Services business in France, Germany, Belgium, Luxembourg and Australia, which cumulatively represents more than $500 million in annual revenue.

The acquisition, proposed for a cash consideration of 160 million euros, is expected to be completed by the 3rd quarter of fiscal 2027. It is expected to expand LTM’s presence in key markets, primarily in aerospace and defense, automotive, utilities and BFS, the company said.

It would also enable local domain expertise and complementary regional capabilities in domain-driven digital engineering, cyber security and IoT, supported by onshore and nearshore delivery through centers in Romania and Portugal, the firm said.

LTM further said that the deal will be part of a 360-degree partnership with Randstad, it will also include a five-year IT services partnership that will drive AI-enabled transformation for Randstad’s India Global Capability Center, Strategic Talent MSP to support LTM’s expanding global workforce.

Venu Lambu, CEO and MD of LTM, said: “The proposed deal is in line with our five-year strategy to build a more resilient, diversified and balanced portfolio.”

By combining LTI’s global AI capabilities with local context and industry depth, the acquisition would strengthen LTI’s ability to provide compliant, domain-driven AI services and sovereign solutions in markets of strategic importance to the company, he said.

Published – 22 May 2026 21:00 IST