Dover has entered into a definitive settlement to accumulate Malema Engineering Corp, a US designer and manufacturer of high-precision, mission-critical flow-measurement and control instruments for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
Malema’s products will increase Dover’s biopharma single-use manufacturing offering, which already contains 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 revenue in the course of the full year 2022.
When the deal closes, Malema will turn into part of the PSG business unit inside Dover’s Pumps & Process Solutions segment.
“We see an incredible long-term progress opportunity in the bioprocessing industry pushed by a strong and growing pipeline of effective novel biologic medication, biosimilars, protein therapies, non-COVID mRNA vaccines, in addition to budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, เกจวัดแรงดัน4บาร์ growing adoption of more environment friendly single-use manufacturing processes supports a sturdy outlook for our choices of single-use parts to end-customers. We consider that pairing Malema’s know-how with our current portfolio of single-use pumps for biopharma processing will tremendously improve the accuracy and value proposition of our options to our clients.”
“We are methodically constructing out our biopharma platform by way of proactive capability additions, new product growth, and opportunistic acquisitions of highly-attractive area of interest element applied sciences,” mentioned Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing expertise and additional strengthens our sensor portfolio with new proprietary technology. In addition to enticing biopharma purposes, we anticipate sturdy development within the semiconductor space on the capability growth and re-shoring tailwinds.”
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