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Mumbai: LTM Limited, the company created after the 2022 merger of Larsen and Technology Infotech and Mindtree, has announced its first post-merger acquisition. The company is expected to spend $186 million to buy global staffing giant Randstad’s IT and consulting businesses across France, Germany, Australia, the Netherlands, Belgium, Luxembourg, Portugal and Romania.
By onboarding these teams, LTM absorbs an established business that generates upwards of $500 million in steady revenue, though it has reported a decline in revenues by 13% and 11% for the calendar years 2025 and 2024, respectively. LTM’s revenues have jumped 6% to $4.76 billion FY26, its fastest pace in recent years.
This acquisition is expected to widen LTM’s reach across the aerospace & defence, automotive, utilities and BFS verticals, which make up almost 60% of its business currently. The acquisition will be completed through LTM’s subsidiary in the UK- LTI Mindtree UK, subject to regulatory approvals.
“The proposed agreement is aligned with our five-year strategy to build a more resilient, diversified, balanced portfolio. By combining our global AI-centric capabilities with local context and industry depth, 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 in a press release.
“The proposed agreement marks a deliberate step in our Partner For Talent strategy. By partnering with LTM, we would ensure our clients continue to receive world-class services while we streamline our portfolio to invest in growth segments and digital marketplaces that offer the most scale and value. We are equally excited to partner with LTM in India, where their AI expertise will be instrumental in evolving our digital capabilities.” Sander van ‘t Noordende, CEO of Randstad, added.
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