Dover has entered into a definitive agreement to accumulate Malema Engineering Corp, a US designer and manufacturer 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 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 services 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 12 months 2022.
When the deal closes, Malema will become part of the PSG enterprise unit inside Dover’s Pumps & Process Solutions section.
“We see an incredible long-term development opportunity within the bioprocessing industry pushed by a powerful and rising pipeline of effective novel biologic medicine, biosimilars, protein therapies, non-COVID mRNA vaccines, as properly as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, เครื่องมือวัดความดัน growing adoption of extra environment friendly single-use production processes supports a robust outlook for our choices of single-use elements to end-customers. We consider that pairing Malema’s technology with our existing 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 building out our biopharma platform via proactive capability additions, new product development, and opportunistic acquisitions of highly-attractive area of interest element technologies,” said Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing expertise and additional strengthens our sensor portfolio with new proprietary technology. In addition to engaging biopharma applications, we count on robust development within the semiconductor area on the capacity growth and re-shoring tailwinds.”