M&A Deal Summary

HCL Technologies Acquires Butler America Aerospace

On October 21, 2016, HCL Technologies acquired aerospace company Butler America Aerospace from Butler America for 85M USD

Acquisition Highlights
  • This is HCL Technologies’ 1st transaction in the Aerospace sector.
  • This is HCL Technologies’ 3rd largest (disclosed) transaction.
  • This is HCL Technologies’ 6th transaction in the United States.
  • This is HCL Technologies’ 1st transaction in California.

M&A Deal Summary
Date 2016-10-21
Target Butler America Aerospace
Sector Aerospace
Buyer(s) HCL Technologies
Sellers(s) Butler America
Deal Type Divestiture
Deal Value 85M USD

Target

Butler America Aerospace

Santa Barbara, California, United States
Butler America Aerospace LLC is a provider of engineering, design services and aftermarket engineering services to US Aerospace and Defense customers. Butler America Aerospace LLC is headquartered in Santa Barbara, California.

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Buyer(S) 1

Buyer

HCL Technologies

Noida, India
Category Company
Founded 1976
Sector Information Technology
Employees222,270
Revenue 1.10T INR (2024)
DESCRIPTION

HCL Technologies is a large IT services company. The Company’s services portfolio includes application development and maintenance, package implementation services, engineering and R&D services, infrastructure management services and business process outsourcing services. It has a large active client base across banking, financial services and insurance, manufacturing, telecom, retail, media and healthcare verticals. HCL Technologies was founded in 1976 and is based in Noida, India.

DEAL STATS #
Overall 10 of 22
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 3
State (California) 1 of 2
Country (United States) 6 of 11
Year (2016) 3 of 3
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Geometric

Mumbai, India

Geometric Ltd. is a provider of cost-effective, end-to-end product lifecycle management (PLM) services to the global mechanical design, manufacturing and industrial markets.Geometric was incorporated as a division of Godrej & Boyce before focused effort was put on the potential of PLM. Over time, Geometric has worked with all major PLM products companies and has strong domain expertise in engineering space.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-24 Urban Fulfillment Services

Broomfield, Colorado, United States

Urban Fulfillment Services LLC is a provider of mortgage business process and fulfillment services. Urban Fulfillment Services LLC was established in 2002 and is headquartered in Broomfield, Colorado.

Buy $30M

Seller(S) 1

SELLER

Butler America

Shelton, Connecticut, United States
Category Company
Sector Engineering
DESCRIPTION

Butler America is a provider of engineering and technical outsourced services to increase performance and savings, based in Shelton, Connecticut.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
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