LTM Limited has informed the Exchange about Investor Presentation
LTM · price
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LTM Limited announced a 5-year strategic partnership with Randstad and a proposed acquisition of Randstad's technology and consulting services business in Europe and Australia. The acquisition involves ~2,900 billable employees, USD 500M+ (€469M) annual revenue, at an enterprise value of €160M on cash and debt-free basis. Geographies include France, Germany, Belgium, Luxembourg, Australia, Portugal, and Romania. The deal covers regulated and high-growth verticals including Aerospace & Defence, Automotive, Utilities, and BFS (Banking Financial Services). LTM aims to drive AI-enabled transformation leveraging its BlueVerse AI ecosystem.
This acquisition significantly expands LTM's European and Australian presence with onshore/nearshore delivery capabilities and marquee clients like top European banks and automotive manufacturers. The deal is positioned as value-accretive with cross-sell opportunities in AI services.