Dover has entered right into a definitive settlement to acquire 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.
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เกจวัดแรงดันpsi will broaden Dover’s biopharma single-use manufacturing providing, 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 approximately US$40 million–45 million in income in the course of the full yr 2022.
When the deal closes, Malema will become a part of the PSG business unit within Dover’s Pumps & Process Solutions segment.
“We see a tremendous long-term growth opportunity in the bioprocessing trade pushed by a strong 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 supports a robust outlook for our choices of single-use parts to end-customers. We consider that pairing Malema’s technology with our current portfolio of single-use pumps for biopharma processing will tremendously improve 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 niche component technologies,” mentioned Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing know-how and additional strengthens our sensor portfolio with new proprietary know-how. In addition to attractive biopharma functions, we anticipate sturdy growth within the semiconductor house on the capability expansion and re-shoring tailwinds.”
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