Dover has entered right into a definitive agreement 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.
Malema’s products will broaden Dover’s biopharma single-use production offering, which already consists of Quattroflow pumps, CPC connectors, and em-tec flowmeters.
Based in pressure gauge octa , Florida, and with amenities in San Jose, California, Singapore, South Korea and India, Malema expects to generate roughly US$40 million–45 million in income through the full year 2022.
When the deal closes, Malema will become part of the PSG enterprise unit inside Dover’s Pumps & Process Solutions segment.
“We see an amazing long-term development opportunity in the bioprocessing business driven by a powerful 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, the growing adoption of more environment friendly single-use production processes helps a robust outlook for our offerings of single-use components to end-customers. We imagine 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 clients.”
“We are methodically constructing out our biopharma platform by way of proactive capability additions, new product improvement, 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 expertise. In addition to attractive biopharma applications, we expect robust development within the semiconductor house on the capacity expansion and re-shoring tailwinds.”
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