Dover has entered into a definitive settlement to accumulate Malema Engineering Corp, a US designer and producer of high-precision, mission-critical flow-measurement and control devices for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
Malema’s products will expand Dover’s biopharma single-use production offering, which already includes Quattroflow pumps, CPC connectors, and em-tec flowmeters.
Based in Boca Raton, Florida, and with facilities in San Jose, California, Singapore, South Korea and India, Malema expects to generate roughly US$40 million–45 million in income during the full 12 months 2022.
When the deal closes, Malema will turn into a half of the PSG enterprise unit inside Dover’s Pumps & Process Solutions section.
“We see an incredible long-term growth opportunity within the bioprocessing business pushed by a powerful and rising pipeline of efficient novel biologic medication, biosimilars, protein therapies, non-COVID mRNA vaccines, as nicely as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, the rising adoption of more efficient single-use manufacturing processes supports a robust outlook for our choices of single-use parts to end-customers. We imagine that pairing Malema’s technology with our existing portfolio of single-use pumps for biopharma processing will greatly improve the accuracy and worth proposition of our options to our customers.”
“We are methodically constructing out our biopharma platform through proactive capability additions, new product development, and opportunistic acquisitions of highly-attractive niche component applied sciences,” stated Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing technology and further strengthens our sensor portfolio with new proprietary technology. In จำหน่ายเกจวัดแรงดัน to engaging biopharma purposes, we expect sturdy development in the semiconductor house on the capability expansion and re-shoring tailwinds.”
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