Bond.az reports that LTM has issued an offer to acquire Randstad's Technology and Consulting Services business in France, Germany, Belgium, Luxembourg, and Australia for over $500 million.
The move comes as LTM, with a market cap of $14.42 billion, continues its expansion strategy. Shares are up over 40% in the past year.
The deal includes a five-year IT services agreement and a talent management services arrangement.
"The proposed agreement is aligned with our five-year strategy to build a more resilient, diversified, balanced portfolio," said Venu Lambu, CEO & MD of LTM.
Sander van 't Noordende, CEO of Randstad, stated the agreement "marks a deliberate step in our Partner For Talent strategy."
The acquisition would be completed through LTIMindtree UK Limited, subject to regulatory approvals.
