Randstad, the world’s leading talent company, and LTM, an AI-centric global technology services company, intend to enter into a 360° partnership.
The proposed partnership includes: LTM offer to acquire Randstad’s Technology and Consulting Services business in Europe and Australia; the appointment of LTM as technology partner for Randstad’s Global Capability Center (GCC) in India; and the designation of Randstad as the strategic global talent partner for LTM’s expanding workforce.
This proposed collaboration would enable Randstad and LTM to focus on their core capabilities. LTM would leverage its deep technology expertise to accelerate Randstad’s internal digital transformation at its GCC, while Randstad would act as the talent managed service provider to fuel LTM’s global workforce expansion.
The goal of this partnership is to enable Randstad and LTM to focus entirely on what they each do best, creating long-term opportunities for employees, clients and talent. The divestment would allow Randstad to focus on specialized talent services and digital marketplaces and, while providing LTM with the established scale and local talent to rapidly expand its global, AI-first services ecosystem.
Sander van ‘t Noordende, CEO of Randstad, said: “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 the growth segments and digital marketplaces that offer the most scale and value. We are equally excited to partner with LTM, where their AI expertise will be instrumental in evolving our digital capabilities.”
Venu Lambu, CEO & MD of LTM, said: “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.”
The proposed transaction values the operations to be acquired at an Enterprise Value of €160 million on a cash and debt-free basis, and these operations generated approximately €469 million in revenues in 2025.
The proposed transaction will be subject to customary closing conditions, regulatory approvals and relevant employee representative consultation.
about randstad
Randstad is the world’s leading talent company with the vision to be the world’s most equitable and specialized talent company. We are a partner of choice for talent and clients. We have a deep understanding of the labor market and through our four specializations – Operational, Professional, Digital and Enterprise – help our clients create the high-quality, diverse and agile workforces they need to succeed. We are committed to providing equitable opportunities to people from all backgrounds and help them remain relevant in the rapidly changing world of work. Through the value we create, we are committed to making the world of work better for all.
Headquartered in the Netherlands, Randstad operates in 39 markets and has approximately 38,000 employees. In 2025, we supported nearly 150,000 clients and over 1.7 million talent, generating a revenue of €23.1 billion. Randstad N.V. is listed on the Euronext Amsterdam. For more information, see www.randstad.com.
about LTM
LTM — a Larsen & Toubro Group Company — is an AI-centric global technology services company and the Business Creativity partner to the world’s largest enterprises. We bring human insights and intelligent systems together to help clients create greater value at the intersection of technology and domain expertise. Our capabilities span integrated operations, transformation, and business AI — enabling new ways of working, new productivity paradigms, and new roads to value.
Together with over 87,000 employees across 40 countries and our global network of partners, LTM owns outcomes for our clients, helping them not just outperform the market, but Outcreate it. Read more at LTM.com.