Dover has entered right into a definitive agreement to acquire Malema Engineering Corp, a US designer and producer of high-precision, mission-critical flow-measurement and control instruments for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
Malema’s products will increase 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 amenities in San Jose, California, Singapore, South Korea and India, Malema expects to generate approximately US$40 million–45 million in income during the full 12 months 2022.
When the deal closes, Malema will turn into part of the PSG business unit inside Dover’s Pumps & Process Solutions phase.
“We see an incredible long-term development opportunity within the bioprocessing business driven by a powerful and growing pipeline of efficient novel biologic medicine, biosimilars, protein therapies, non-COVID mRNA vaccines, as well as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, the rising adoption of extra efficient single-use production processes supports a sturdy outlook for our choices of single-use parts to end-customers. We consider that pairing Malema’s know-how with our existing portfolio of single-use pumps for biopharma processing will tremendously improve the accuracy and value proposition of our solutions to our clients.”
เพรสเชอร์เกจคือ are methodically constructing out our biopharma platform by way of proactive capability additions, new product improvement, and opportunistic acquisitions of highly-attractive area of interest component applied sciences,” 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 expertise. In addition to attractive biopharma purposes, we count on sturdy development within the semiconductor area on the capability expansion and re-shoring tailwinds.”
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