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.
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Malema’s merchandise will increase Dover’s biopharma single-use manufacturing providing, which already includes Quattroflow pumps, CPC connectors, and em-tec flowmeters.
Based in เกจวัดแรงดันสูง , Florida, and with amenities in San Jose, California, Singapore, South Korea and India, Malema expects to generate roughly US$40 million–45 million in revenue during the full yr 2022.
When the deal closes, Malema will turn into a part of the PSG enterprise unit inside Dover’s Pumps & Process Solutions phase.
“We see an incredible long-term growth opportunity in the bioprocessing business pushed by a powerful and rising pipeline of efficient 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 rising adoption of more efficient single-use manufacturing processes helps a strong outlook for our offerings of single-use components to end-customers. We imagine that pairing Malema’s technology with our current portfolio of single-use pumps for biopharma processing will tremendously enhance the accuracy and value proposition of our solutions to our customers.”
“We are methodically constructing out our biopharma platform through proactive capacity additions, new product growth, and opportunistic acquisitions of highly-attractive niche component 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 technology. In addition to attractive biopharma purposes, we anticipate sturdy development in the semiconductor house on the capability enlargement and re-shoring tailwinds.”
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