Dover has entered right into a definitive settlement to accumulate Malema Engineering Corp, a US designer and producer of high-precision, mission-critical flow-measurement and management instruments for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
Malema’s merchandise will increase Dover’s biopharma single-use manufacturing providing, which already includes 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 approximately US$40 million–45 million in revenue during the full year 2022.
When pressure gauge 10 bar closes, Malema will turn into a part of the PSG business unit inside Dover’s Pumps & Process Solutions segment.
“We see a tremendous long-term development opportunity in the bioprocessing industry pushed by a powerful and growing 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 extra efficient 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 existing portfolio of single-use pumps for biopharma processing will tremendously improve the accuracy and worth proposition of our solutions to our prospects.”
“We are methodically constructing out our biopharma platform by way of proactive capacity additions, new product development, and opportunistic acquisitions of highly-attractive niche element applied sciences,” stated Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing expertise and further strengthens our sensor portfolio with new proprietary know-how. In addition to enticing biopharma applications, we count on strong progress within the semiconductor space on the capacity expansion and re-shoring tailwinds.”
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