Dover has entered right into a definitive settlement to accumulate Malema Engineering Corp, a US designer and manufacturer of high-precision, mission-critical flow-measurement and management instruments for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
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 approximately US$40 million–45 million in revenue during the full 12 months 2022.
When the deal closes, Malema will turn out to be part of the PSG enterprise unit inside Dover’s Pumps & Process Solutions section.
“We see a tremendous long-term progress opportunity within the bioprocessing trade 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, เกจ์วัดแรงดันลม growing adoption of more efficient single-use manufacturing processes helps a robust outlook for our choices of single-use elements to end-customers. We believe that pairing Malema’s know-how with our present portfolio of single-use pumps for biopharma processing will significantly enhance the accuracy and value proposition of our options to our customers.”
“We are methodically building out our biopharma platform by way of proactive capability additions, new product improvement, 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 further strengthens our sensor portfolio with new proprietary expertise. In addition to engaging biopharma functions, we anticipate robust growth in the semiconductor space on the capability enlargement and re-shoring tailwinds.”
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