Intimation attached

AI summary - LTM proposed acquisition of Randstad Technology and Consulting Services in Europe and Australia for €160 million EV, annual revenue €469 million - Acquisition expands LTM's presence in continental Europe and Australia, adding marquee clients in aerospace, defense, automotive, utilities, BFS sectors - Strategic fit with LTM's five-year plan to balance portfolio and accelerate AI-centric capabilities including sovereign AI and cybersecurity - Five-year IT services partnership with Randstad Group to support AI transformation at Randstad's GCC in India, initial TCV ~€55-60 million - Margin impact expected to be minimal with potential for margin expansion via offshore scale; EBIT neutral impact planned - Acquisition to be operated as a separate subsidiary to maintain focus and minimize integration distractions - Top 25 clients in Europe contribute 65% revenue; top 10 in Australia contribute 80%; focus on cross-sell and upsell to grow these accounts - Long average tenure of consultants (~7-8 years) supports domain knowledge retention and client stickiness - Minimal sales investment needed; existing Randstad sales talent and overlay sales team to drive cross-selling - Acquisition expected to be EPS accretive from day one with normal DSO profile - No conflict with group companies; complementary capabilities to LTTS and others - Deal construct includes three value creation aspects: acquisition, GCC partnership, and subcontractor spend efficiency - LTM aims to double reven…