LTM bids $186m for Randstad’s tech services in Europe and Australia
Key takeaways
- LTM bids $186m for Randstad’s tech services in Europe and Australia LTM aims to expand AI and digital engineering through deal with Randstad. · Verdict · bigjom jom/Shutterstock.com.
- The proposed acquisition would be executed via LTM’s wholly owned subsidiary, LTIMindtree UK.
- The business units included in the deal generate annual revenues exceeding $500m (€469m), according to the companies’ joint statement.
LTM bids $186m for Randstad’s tech services in Europe and Australia LTM aims to expand AI and digital engineering through deal with Randstad. · Verdict · bigjom jom/Shutterstock.com. Anwesha Pattanaik Mon, May 25, 2026 at 4:46 PM GMT+7 3 min read RAND.AS LTM.BO LT.NS LTM, part of the Larsen & Toubro Group, has submitted an offer to acquire Randstad’s technology and consulting services businesses in France, Germany, Belgium, Luxembourg, and Australia.
The proposed acquisition would be executed via LTM’s wholly owned subsidiary, LTIMindtree UK. It values the targeted operations at an enterprise value of €160m ($186.13m) on a cash and debt-free basis.
The business units included in the deal generate annual revenues exceeding $500m (€469m), according to the companies’ joint statement. The services span digital engineering, consulting, and domain-driven technology solutions, with established operations supporting sectors such as aerospace and defence, automotive, utilities, and banking and financial services.