NuTec to Build Bioinformatics Business with $11M from Sale of Energy Division | GenomeWeb

NuTec Sciences is abandoning its roots in the oil and gas business to devote its resources to bioinformatics.

On July 2, the company finalized the sale of its NuTec Energy Sciences division to TGS-NOPEC Geophysical — a Houston, Texas-based subsidiary of Norwegian seismic surveying firm TGS-NOPEC. The deal gave NuTec Sciences $11.3 million in cash, which it will direct toward building the life science half of its business, NuTec Health Systems.

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