Abbott Laboratories, a manufacturer of pharmaceuticals and medical equipment, will acquire laboratory information management systems vendor STARLIMS Technologies Ltd. for $123 million in cash. The companies expect the acquisition to close during the first quarter of 2010.

Israel-based STARLIMS sells Web-based systems designed for an array of laboratory environments covering various disciplines and industries, according to the Israel-based vendor. Target markets include life sciences, government agencies and manufacturing firms. The company serves more than 500 organizations in 40 nations.

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