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 management devices for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
pressure gauge will increase Dover’s biopharma single-use manufacturing offering, which already includes Quattroflow pumps, CPC connectors, and em-tec flowmeters.
Based in Boca Raton, Florida, and with amenities in San Jose, California, Singapore, South Korea and India, Malema expects to generate approximately US$40 million–45 million in income through the full 12 months 2022.
When the deal closes, Malema will turn out to be part of the PSG business unit within Dover’s Pumps & Process Solutions segment.
“We see an incredible long-term progress opportunity within the bioprocessing business pushed by a strong and rising pipeline of efficient novel biologic medicine, biosimilars, protein therapies, non-COVID mRNA vaccines, as well as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, the growing adoption of extra efficient single-use manufacturing processes supports a sturdy outlook for our offerings of single-use components to end-customers. We consider that pairing Malema’s expertise with our existing portfolio of single-use pumps for biopharma processing will significantly improve the accuracy and worth proposition of our options to our clients.”
“We are methodically constructing out our biopharma platform by way of proactive capacity additions, new product growth, and opportunistic acquisitions of highly-attractive niche element technologies,” mentioned 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 know-how. In addition to attractive biopharma functions, we anticipate sturdy development within the semiconductor house on the capacity growth and re-shoring tailwinds.”
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