Dover has entered into a definitive agreement to amass 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.
Malema’s products will expand 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 in the course of the full yr 2022.
When the deal closes, Malema will turn into part of the PSG business unit inside Dover’s Pumps & Process Solutions phase.
“We see an amazing long-term progress opportunity in the bioprocessing business pushed by a strong and rising pipeline of effective novel biologic medication, 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 environment friendly single-use production processes helps a sturdy outlook for our offerings of single-use components to end-customers. We believe that pairing Malema’s know-how with our existing portfolio of single-use pumps for biopharma processing will greatly improve the accuracy and value proposition of our solutions to our customers.”
“We are methodically building out our biopharma platform via proactive capability additions, new product growth, and opportunistic acquisitions of highly-attractive niche element applied sciences,” 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 technology. In เกรดวัดแรงดัน to attractive biopharma purposes, we anticipate strong growth in the semiconductor space on the capacity enlargement and re-shoring tailwinds.”
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