LTM and Randstad announced that the former has issued an offer to acquire Randstad’s Technology and Consulting Services business in France, Germany, Belgium, Luxembourg and Australia, representing over $500 million (€469 million) in annual revenue, for up to €160 million on a cash-free, debtfree basis, the company said in a regulatory filing on Friday.

The proposed acquisition, expected to be completed by Q3FY27, would expand LTM’s presence in key markets, primarily across Aerospace & Defence, Automotive, Utilities and BFS. It would enable local domain expertise and regional capabilities in domain-driven digital engineering, cybersecurity and IoT, supported by onshore and nearshore delivery through centers in Romania and Portugal.

Randstad’s IT services business in Europe and Australia comprises the following entities: Randstad Digital B.V. (Netherlands), Randstad Digital France SAS (France) and Finxl Professional Services Pty Ltd (Australia) and its subsidiaries.

According to the filing, Randstad Digital France SAS (France), founded in 1989, is headquartered in France and operates in France, Romania, and Germany. Randstad Digital B.V. (Netherlands), incorporated in 2023, is headquartered in the Netherlands and operates in Belgium, Luxembourg, and Portugal. Finxl Professional Services Pty Ltd (Australia), founded in 2003, is headquartered in Australia and operates in Australia. These entities provide Technology and Consulting Services business primarily across Aerospace & Defence, Automotive, Utilities and BFS. The business saw revenues of EUR 609 million in CY23, EUR 541 million in CY24 and EUR 469 million in CY25.

This would create a more diversified portfolio for LTM - expanding its scale in Europe and Australia, enhancing its position in regulated and high-growth verticals through marquee customer relationships. The deal would augment LTM’s 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.

Venu Lambu, CEO & MD of LTM said, “The 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° partnership with Randstad would be a key step forward in our growth journey.”

The proposed acquisition is part of a 360° collaboration, including a five-year IT services partnership to drive AI-enabled transformation for Randstad’s India GCC, and a strategic talent MSP to support LTM’s expanding global workforce.

Sander van ‘t Noordende, CEO of Randstad said: “The 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.”

This acquisition is proposed to be completed through LTM’s wholly owned subsidiary – LTIMindtree UK Limited (‘LTM UK’) subject to customary regulatory approvals, and other closing conditions.

Published on May 22, 2026