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 merchandise will broaden Dover’s biopharma single-use manufacturing providing, which already consists of Quattroflow pumps, CPC connectors, and em-tec flowmeters.
Based in เกจวัดแรงดันถังลม , Florida, and with amenities in San Jose, California, Singapore, South Korea and India, Malema expects to generate approximately US$40 million–45 million in income through the full year 2022.
When the deal closes, Malema will turn out to be a part of the PSG business unit inside Dover’s Pumps & Process Solutions segment.
“We see a tremendous long-term growth opportunity within the bioprocessing industry pushed by a robust and growing pipeline of effective 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 growing adoption of extra efficient single-use production processes supports a robust outlook for our offerings of single-use elements to end-customers. We imagine that pairing Malema’s expertise with our present portfolio of single-use pumps for biopharma processing will significantly improve the accuracy and worth proposition of our options to our customers.”
“We are methodically constructing out our biopharma platform through proactive capacity additions, new product development, and opportunistic acquisitions of highly-attractive area of interest part technologies,” said 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 know-how. In addition to enticing biopharma applications, we anticipate strong growth in the semiconductor space on the capacity growth and re-shoring tailwinds.”
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