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 products will expand Dover’s biopharma single-use manufacturing offering, 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 through the full yr 2022.
When the deal closes, Malema will turn out to be part of the PSG business unit inside Dover’s Pumps & Process Solutions phase.
“We see a tremendous long-term development 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 more environment friendly single-use manufacturing processes supports a sturdy outlook for our choices of single-use parts to end-customers. เกจวัดแรงดันดิจิตอล 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 solutions to our clients.”
“We are methodically building out our biopharma platform by way of proactive capacity additions, new product development, and opportunistic acquisitions of highly-attractive niche part technologies,” said Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing expertise and further strengthens our sensor portfolio with new proprietary know-how. In addition to engaging biopharma functions, we anticipate robust development in the semiconductor space on the capacity enlargement and re-shoring tailwinds.”
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