HCL Buys U.S.-Based Aerospace Firm for $85 Mn

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"The acquisition of Butler will bolster our capabilities in aerospace and give access to clients with large research and development spends," said the IT services firm in a statement here. With 900 engineers and seven design centres across the U.S., Butler has marquee clients in the and works with manufacturers and their suppliers in America. Butler had posted $85.4 million revenue for the calendar year ending December 31, 2015 with 12.2 pct operating margin. In a related development, the Noida-based outsourcing firm appointed C. Vijayakumar as its Chief Executive Officer with effect from Friday in place of Anant Gupta. Read Also: AT&T Buys Time Warner For $85.4 Billion Patanjali To Enter Textile Manufacturing Sector, Says Ramdev

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