International law firm Bird & Bird has advised LTM on its offer to acquire Randstad’s Technology and Consulting Services business in France, Germany, Belgium, Luxembourg and Australia. The business generates more than $500million (€469million) in annual revenue and would support LTM’s expansion of its AI and technology services capabilities across these markets.
LTM (a Larsen & Toubro Group Company), headquartered in India, is an AI-centric global technology services company. With over 87,000 employees across 40 countries, their capabilities span integrated operations, transformation and business AI, enabling new ways of working, new productivity paradigms, and new paths to value.
Randstad, headquartered in the Netherlands, is a global leader in talent solutions. The company operates in 39 markets, employs around 38,000 people, and supports approximately 150,000 clients and 1.7million talents each year. In 2025, Randstad reported revenue of €23.1billion.
The proposed transaction would strengthen LTM’s presence in key sectors including aerospace and defence, automotive, utilities, and banking and financial services. It would also add regional capabilities for LTM in digital engineering, cybersecurity and IoT, supported by delivery centres in Romania and Portugal. Overall, the acquisition would broaden LTM’s footprint in Europe and Australia and deepen its presence in regulated and growth sectors. The proposed transaction is expected to be completed through LTM’s wholly owned subsidiary, LTIMindtree UK Limited, subject to fulfilment of customary regulatory approvals and other closing conditions.
The Bird & Bird Corporate core deal team advising LTM was led by Dr. Stefanie Orttmann, LL.M. (Partner, Corporate, Düsseldorf) and Simon Fielder (Partner, Corporate, London), with assistance from Meldah Pilusa (Senior Associate, Corporate, London), Ed Reardon (Senior Associate, Corporate, London), Lara-Lucia Klocke (Associate, Corporate, Düsseldorf), Bryony Warren (Associate, Corporate, London) and Carole Bodin (Partner, Corporate, Paris). Several other colleagues across Bird & Bird’s London, Düsseldorf, Paris, Amsterdam, Warsaw, Brussels, Sydney and Lisbon offices provided support on this transaction.
Stefanie Orttmann, Co-lead partner on this transaction commented: “We are delighted to have advised our long-standing client LTM on its offer to acquire Randstad’s Technology and Consulting Services business. This transaction underscores Bird & Bird’s extensive experience in advising on complex cross-border M&A transactions. Our seamless collaboration between our London, Düsseldorf, Paris, Amsterdam, Brussels, Lisbon, Sydney and Warsaw teams was instrumental in navigating the complexities of this transaction and delivering a successful outcome for LTM.“
Nipun Gupta, Co-Head of the India Strategy Group commented: “This is an important transaction which demonstrates Bird & Bird’s strong track record in advising on a steady flow of cross-border M&A transactions, particularly in the technology sector, and our continued role in supporting Indian clients on significant outbound transactions. It also highlights Bird & Bird’s recognised expertise in AI and technology-driven transactions.“
