Dover has entered right into a definitive agreement 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 products will expand 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 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 into a half of the PSG business unit inside Dover’s Pumps & Process Solutions section.
“We see an incredible long-term development opportunity in the bioprocessing business pushed by a robust and rising pipeline of efficient novel biologic medicine, 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 strong outlook for our choices of single-use parts to end-customers. We believe that pairing Malema’s expertise with our present portfolio of single-use pumps for biopharma processing will tremendously improve the accuracy and worth proposition of our options to our customers.”
“ เพรสเชอร์เกจ4นิ้ว are methodically constructing out our biopharma platform via proactive capability additions, new product improvement, and opportunistic acquisitions of highly-attractive area of interest element 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 technology. In addition to enticing biopharma applications, we expect robust progress in the semiconductor area on the capacity enlargement and re-shoring tailwinds.”
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