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.
Malema’s products will expand Dover’s biopharma single-use production providing, which already includes 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 through the full 12 months 2022.
When the deal closes, Malema will turn out to be part of the PSG business unit within Dover’s Pumps & Process Solutions phase.
“We see an amazing long-term growth alternative in the bioprocessing business driven by a strong and rising pipeline of effective novel biologic drugs, biosimilars, protein therapies, non-COVID mRNA vaccines, as well as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, เกจวัดแรงลม growing adoption of extra efficient single-use manufacturing processes supports a robust outlook for our offerings of single-use elements to end-customers. We imagine that pairing Malema’s technology with our current portfolio of single-use pumps for biopharma processing will significantly improve the accuracy and value proposition of our solutions to our prospects.”
“We are methodically constructing out our biopharma platform by way of proactive capacity additions, new product improvement, and opportunistic acquisitions of highly-attractive area of interest component technologies,” mentioned Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing know-how and further strengthens our sensor portfolio with new proprietary technology. In addition to engaging biopharma functions, we anticipate strong progress within the semiconductor space on the capacity enlargement and re-shoring tailwinds.”
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