Dover has entered into a definitive agreement to acquire 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 merchandise will broaden Dover’s biopharma single-use production 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 roughly US$40 million–45 million in income in the course of the full yr 2022.
When the deal closes, Malema will become a part of the PSG enterprise unit inside Dover’s Pumps & Process Solutions section.
“We see an incredible long-term development alternative within the bioprocessing trade pushed by a robust and rising pipeline of efficient novel biologic medicine, biosimilars, protein therapies, non-COVID mRNA vaccines, as nicely as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, the rising adoption of extra environment friendly single-use production processes supports a strong outlook for our offerings of single-use components to end-customers. เพรสเชอร์เกจไฮดรอลิค believe that pairing Malema’s expertise with our present portfolio of single-use pumps for biopharma processing will greatly improve the accuracy and worth proposition of our options to our prospects.”
“We are methodically building out our biopharma platform by way of proactive capacity additions, new product growth, 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 technology and additional strengthens our sensor portfolio with new proprietary expertise. In addition to attractive biopharma purposes, we anticipate strong progress in the semiconductor area on the capacity growth and re-shoring tailwinds.”
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