Bengaluru: LTM has issued an offer to acquire Randstad's technology and consulting services business in France, Germany, Belgium, Luxembourg, and Australia.
Randstad's consulting business has an annual revenue of over $500 million.
The proposed acquisition would expand LTM's presence in key markets, primarily across aerospace & defence, automotive, utilities, and BFS. It would enable local domain expertise and complementary regional capabilities in domain-driven digital engineering, cybersecurity and IoT, supported by onshore and nearshore delivery through centres in Romania and Portugal, according to a joint statement by both companies.
"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," Venu Lambu, CEO & MD of LTM, said.
This acquisition is proposed to be completed through LTM's wholly-owned subsidiary - LTIMindtree UK Limited subject to
customary regulatory approvals, and other closing conditions.
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. It would reinforce LTM's global delivery foundation through expanded regional presence, the company said.