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Tecan completes NuGEN Technologies acquisition

Tecan Group Ltd. completed its previously announced acquisition of NuGEN Technologies Inc.

The Switzerland-based company bought NuGEN Technologies, a privately held genomic analysis company in California, for $54.5 million.

Tecan said beginning Sept. 1, NuGEN will be included in its consolidated financial statements under the life sciences business segment.

Tecan is a provider of laboratory instruments and solutions to pharmaceutical and biotechnology companies.