Dover has entered into a definitive settlement to acquire Malema Engineering Corp, a US designer and producer 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 amenities in San Jose, California, Singapore, South Korea and India, Malema expects to generate approximately US$40 million–45 million in revenue in the course of the full 12 months 2022.
When the deal closes, Malema will turn out to be a part of the PSG business unit inside Dover’s Pumps & Process Solutions section.
“We see an amazing long-term progress alternative within the bioprocessing trade driven by a robust and growing pipeline of effective novel biologic medicine, biosimilars, protein therapies, non-COVID mRNA vaccines, as well as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, เกจ์วัดแรงดัน rising adoption of more environment friendly single-use manufacturing processes helps a strong outlook for our choices of single-use components to end-customers. We consider that pairing Malema’s know-how with our existing portfolio of single-use pumps for biopharma processing will greatly enhance the accuracy and worth proposition of our solutions to our prospects.”
“We are methodically building out our biopharma platform via proactive capacity additions, new product development, and opportunistic acquisitions of highly-attractive area of interest component applied sciences,” said 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 expertise. In เพรสเชอร์เกจดิจิตอล to engaging biopharma purposes, we anticipate sturdy progress within the semiconductor area on the capability enlargement and re-shoring tailwinds.”
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