Dover has entered right into a definitive settlement to accumulate Malema Engineering Corp, a US designer and producer of high-precision, mission-critical flow-measurement and control devices for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
Malema’s products will expand Dover’s biopharma single-use production offering, which already consists of 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 roughly US$40 million–45 million in income in the course of the full 12 months 2022.
When the deal closes, Malema will turn into part of the PSG enterprise unit within Dover’s Pumps & Process Solutions segment.
“We see an amazing long-term growth opportunity in the bioprocessing industry pushed by a powerful and growing pipeline of effective 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 extra efficient single-use production processes supports a robust outlook for our offerings of single-use components to end-customers. We imagine that pairing Malema’s expertise with our current portfolio of single-use pumps for biopharma processing will tremendously enhance the accuracy and worth proposition of our options to our customers.”
“We are methodically building out our biopharma platform through proactive capacity additions, new product development, and opportunistic acquisitions of highly-attractive area of interest part applied sciences,” said Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing technology and further strengthens our sensor portfolio with new proprietary technology. In เกจวัดแรงดันราคา to engaging biopharma applications, we expect sturdy development within the semiconductor space on the capability growth and re-shoring tailwinds.”
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