Abbott has completed the $123m acquisition of STARLIMS Technologies, a leader in laboratory information management systems.

The acquisition will provide Abbott with leading products and expertise to build its position in laboratory informatics, a growing field focused on the management of the increasing amount of data generated in laboratories.

STARLIMS web-based software applications have been used to help laboratories efficiently store, retrieve and analyse data and are designed for a wide variety of laboratory environments including scientific, industrial and clinical disciplines.

Abbott executive vice-president, diagnostics products Edward L Michael said that STARLIMS gives the firm access to innovative technologies and technical expertise for its long-term strategy in laboratory informatics.

“The acquisition enables us to provide a common informatics framework across all of our diagnostics businesses and will help accelerate STARLIMS’s growth strategy in the non-diagnostics market segments it serves,” Michael said.