LTM Limited has informed the Exchange about Transcript of Investor call held on May 22, 2026.
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LTM announced a strategic three-part deal with Randstad Group. First, LTM is acquiring Randstad's Technology and Consulting Services business in Europe and Australia for €160 million enterprise value, generating €469 million in annualized revenue (78% Europe, 22% Australia). The business brings white-space access to aerospace, defense, automotive, and utilities verticals, plus cybersecurity and industrial AI capabilities. Second, LTM signed a 5-year partnership to power Randstad's GCC in India with AI transformation services (initial scope ~€55-60 million TCV). Third, LTM will use Randstad's MSP capabilities to optimize its own subcon spend. Management explained the acquired business saw revenue decline over two years due to macroeconomic headwinds in Europe, customer GCC ramp-ups, and rationalization of tail accounts. Post-acquisition, LTM will become a $1 billion+ business in Europe and $100 million+ in Australia.
The acquisition provides LTM with immediate scale in white-space geographies and verticals while the 360-degree relationship with Randstad creates multiple revenue streams. Management stated there will be no material impact to margins, with the acquired business showing better-than-LTM onsite gross margins.