LTM has entered a strategic partnership with SSP Group, a leading operator of food and beverage outlets in travel locations worldwide, to drive AI-powered modernization of IT infrastructure and application support. Announced on May 25, 2026, the collaboration aims to deliver modernized, end-to-end IT infrastructure support and enhanced application maintenance services to SSP Group.

Partnership Objectives

The alliance is structured around leveraging LTM's advanced AI capabilities, including its BlueVerse ecosystem, to help SSP Group manage operational risks, simplify infrastructure complexities, and drive business efficiency. Key focus areas include enabling data-driven decision-making, accelerating innovation through automation, and delivering scalable solutions to enhance customer experience.

Strategic Significance

For LTM, the partnership represents a strategic move to embed advanced AI capabilities into core IT service delivery. The collaboration emphasizes an AI-first approach to support SSP Group's digital transformation journey. In the long run, LTM will support SSP’s transition to an intelligent and streamlined IT infrastructure that supports its global network across 38 countries.

Jon Wood, Chief Digital and Technology Officer at SSP Group, highlighted that the partnership will help accelerate transformation and enhance efficiency. Manju Kygonahally, Chief Business Officer – Europe at LTM, expressed commitment to being a key enabler in SSP's IT support initiatives.

LTM Limited has issued an offer to acquire Randstad's Technology and Consulting Services business in Europe and Australia. The proposed acquisition, executed through LTM's wholly owned subsidiary LTIMindtree UK Limited, targets entities in the Netherlands, France, and Australia, along with their step-down subsidiaries in Belgium, Luxembourg, Portugal, Romania, and Germany. LTM has executed a Put Option Deed with the Randstad Entities to facilitate this transaction.

The transaction involves an enterprise valuation of up to EUR 160 million on a cash-free, debt-free basis. The target business represents annual revenue of USD 500+ million (EUR 469 million) and operates primarily across the Aerospace & Defence, Automotive, Utilities, and BFS sectors. The deal is part of a broader 360° partnership that includes a five-year IT services collaboration to drive AI-enabled transformation for Randstad's India Global Capability Center and a strategic talent MSP to support LTM's global workforce.

Transaction Details

The acquisition is subject to the completion of Information-Consultation processes with relevant Works Councils, receipt of regulatory approvals including Foreign Direct Investment (FDI) and anti-trust clearances, and other customary closing conditions. LTM expects the transaction to be completed by Q3 FY27.

The consideration will be paid in cash. The following table outlines the key financial and operational metrics of the target entities:

Strategic Rationale

The acquisition aims to expand LTM's presence in key European and Australian markets. It is expected to enhance local domain expertise and capabilities in domain-driven digital engineering, cybersecurity, and IoT. The move is intended to create a more diversified portfolio for LTM, strengthening its position in regulated and high-growth verticals through marquee customer relationships.

Venu Lambu, CEO & MD of LTM, stated that the agreement aligns with the company's five-year strategy to build a resilient and diversified portfolio. He emphasized that combining global AI-centric capabilities with local industry depth would strengthen LTM's ability to deliver compliant, domain-driven AI services.

Investor Conference Call

LTM has scheduled an investor and analyst call to discuss the transaction. The conference is set for Friday, 22 May 2026, at 12:30 hours IST. Participants are required to register via the provided link due to the shorter notice period for the intimation.