LTM Limited has informed the Exchange regarding a press release dated May 22, 2026, titled "LTM has issued an offer to acquire Randstad s Technology and Consulting Services business in Europe and Australia to scale domain-driven solutions and AI services.".
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LTM Limited (formerly LTIMindtree) through its UK subsidiary has issued an offer to acquire Randstad's Technology and Consulting Services business across Europe and Australia. The target includes entities in Netherlands, France, Australia and their subsidiaries in Belgium, Luxembourg, Portugal, Romania and Germany. The enterprise valuation is up to EUR 160 million on a cash-free, debt-free basis, with the target generating annual revenue of approximately EUR 469 million (USD 500M+). The acquisition focuses on key verticals including Aerospace & Defence, Automotive, Utilities and BFS. The deal is part of a 360-degree partnership including a five-year IT services agreement for Randstad's India GCC and a talent MSP arrangement. The transaction is subject to regulatory approvals including FDI and anti-trust clearances, with expected completion by Q3 FY27.
Positive signal for LTM shareholders as the acquisition diversifies the company's portfolio into new geographies and regulated verticals while adding AI and domain-driven capabilities. The EUR 160M valuation for a ~EUR 469M revenue business suggests a strategic fit at reasonable valuation.