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LTM is looking to acquire Randstad’s tech and consulting business across Europe and Australia in a deal worth up to €160 million.
Quick explainer: the deal is being done through something called a “Put Option Deed”.
In simple words, it gives one party the right to sell the business at a pre-decided price within a fixed time period. It allows both sides to lock in deal terms early while final approvals are underway.
What’s going on: the acquisition includes Randstad’s operations in France, Germany, Belgium, Luxembourg, and Australia. Together, these businesses generate nearly €469 million in annual revenue.
As part of the broader partnership, LTM and Randstad have also signed a five-year IT services agreement focused on AI-led transformation. Randstad will additionally support LTM with talent and workforce management globally.
Why it matters: by acquiring Randstad’s tech consulting business, LTM gets access to local clients, skilled teams, and delivery centers in key markets.
It also strengthens the company’s position in fast-growing sectors like aerospace, banking, automotive, and utilities, where demand for AI and digital transformation is rising rapidly.
