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.
ราคาpressuregauge will expand 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 approximately US$40 million–45 million in revenue during the full year 2022.
When the deal closes, Malema will turn into part of the PSG business unit inside Dover’s Pumps & Process Solutions section.
“We see an incredible long-term development opportunity within the bioprocessing trade pushed by a robust and rising 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, the growing adoption of more efficient single-use manufacturing processes helps a sturdy outlook for our offerings of single-use components to end-customers. We believe that pairing Malema’s know-how with our existing portfolio of single-use pumps for biopharma processing will tremendously enhance the accuracy and value proposition of our options to our clients.”
“We are methodically constructing out our biopharma platform via proactive capacity 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 expertise and further strengthens our sensor portfolio with new proprietary know-how. In addition to engaging biopharma functions, we anticipate robust progress within the semiconductor house on the capability expansion and re-shoring tailwinds.”
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