Global staffing major Randstad has announced plans to sell its technology and consulting services business in Europe and Australia to AI-focused technology services company LTM in a deal valued at €160 million.
The operations included in the proposed transaction generated nearly €469 million in revenue in 2025. The deal has been structured on a cash and debt-free basis and is expected to strengthen LTM’s global AI and digital services portfolio.
LTM, a Larsen & Toubro Group company, provides technology services across integrated operations, business transformation, and AI-driven solutions. As part of the partnership, LTM will also become a technology partner for Randstad’s Global Capability Centre in India, while Randstad will act as LTM’s strategic global talent partner.
Industry experts believe the collaboration highlights the continued importance of staffing and talent solutions in the evolving AI-driven business environment.
The acquisition is expected to expand LTM’s presence across major sectors including aerospace and defence, automotive, utilities, banking, and financial services.
Randstad CEO Sander van ’t Noordende said the decision aligns with the company’s broader 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 the growth segments and digital marketplaces that offer the most scale and value,” van ’t Noordende said in a press release. “We are equally excited to partner with LTM, where their AI expertise will be instrumental in evolving our digital capabilities.”
The partnership is aimed at creating long-term opportunities for employees, clients, and talent while allowing both companies to focus on their core growth areas.
The divestment will help Randstad strengthen its focus on specialised talent services and digital staffing marketplaces. At the same time, the deal is expected to help LTM expand its AI-first services ecosystem with stronger local talent and global scale.
LTM CEO and Managing Director Venu Lambu said the agreement supports the company’s long-term diversification strategy.
“The proposed agreement is aligned with our 5-year strategy to build a more resilient, diversified, balanced portfolio,” Lambu said. “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.”
The transaction remains subject to regulatory approvals, employee consultations, and customary closing conditions.
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