Investor call scheduled on May 22, 2026 at 12:30 pm IST
LTM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
LTM Limited (formerly LTIMindtree) has issued an offer to acquire Randstad's Technology and Consulting Services business across Europe and Australia for an enterprise value of up to EUR 160 million. The target includes entities in Netherlands, France, Australia and their step-down subsidiaries in Belgium, Luxembourg, Portugal, Romania and Germany. The business being acquired generates approximately EUR 469 million in annual revenue across Aerospace & Defence, Automotive, Utilities and BFS sectors. The acquisition will be executed through LTM's UK subsidiary and is expected to close by Q3 FY27, subject to regulatory approvals. The deal is part of a broader 360-degree partnership including a five-year IT services contract and talent management partnership. The company has scheduled an investor call on May 22, 2026 at 12:30 PM IST to discuss this transaction.
This acquisition strengthens LTM's presence in European and Australian markets while expanding its domain expertise in regulated sectors. The deal adds AI-centric capabilities and near-shore delivery centers, though the target's revenue has declined from EUR 609M (CY2023) to EUR 469M (CY2025), warranting attention to integration and turnaround potential.