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Abbott completes acquisition of Starlims Technologies

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Abbott has now completed its $123m acquisition of Starlims Technologies, the LIMS supplier. The acquisition provides Abbott with leading products and expertise to build its position in laboratory informatics, an emerging and rapidly growing field focused on helping to manage the increasing amount of data generated in laboratories. Starlims' advanced web-based software applications help laboratories efficiently store, retrieve and analyse data and are designed for a wide variety of laboratory environments operating across a number of scientific, industrial and clinical disciplines.

'Starlilms gives us access to innovative technologies and technical expertise for our long-term strategy in laboratory informatics,' said Edward Michael, executive vice president, diagnostics products, Abbott. 'The acquisition enables us to provide a common informatics framework across all of our diagnostics businesses and, equally important, will help accelerate Starlims' growth strategy in the non-diagnostics market segments it currently serves.'