Dover has entered into a definitive settlement to acquire Malema Engineering Corp, a US designer and manufacturer of high-precision, mission-critical flow-measurement and control devices for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
Malema’s merchandise will increase Dover’s biopharma single-use production offering, which already consists of Quattroflow pumps, CPC connectors, and em-tec flowmeters.
Based in Boca Raton, Florida, and with services in San Jose, California, Singapore, South Korea and India, Malema expects to generate roughly US$40 million–45 million in income through the full yr 2022.
When the deal closes, Malema will become a half of the PSG enterprise unit inside Dover’s Pumps & Process Solutions section.
“We see an incredible long-term growth opportunity in the bioprocessing business driven by a robust and rising pipeline of effective novel biologic medicine, biosimilars, protein therapies, non-COVID mRNA vaccines, as properly as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, the growing adoption of more environment friendly single-use production processes helps a strong outlook for our offerings of single-use elements to end-customers. We imagine that pairing Malema’s technology with our present portfolio of single-use pumps for biopharma processing will significantly improve the accuracy and value proposition of our options to our customers.”
“We are methodically constructing out our biopharma platform via proactive capacity additions, new product growth, and opportunistic acquisitions of highly-attractive niche part technologies,” said Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing technology and additional strengthens our sensor portfolio with new proprietary expertise. In เกจวัดถังแก๊ส to attractive biopharma applications, we count on strong progress within the semiconductor house on the capacity expansion and re-shoring tailwinds.”
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