Dover has entered into a definitive agreement to amass Malema Engineering Corp, a US designer and manufacturer of high-precision, mission-critical flow-measurement and management instruments for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
Malema’s merchandise will expand Dover’s biopharma single-use production offering, which already contains 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 in the course of the full year 2022.
When diaphragm seal closes, Malema will become a part of the PSG enterprise unit within Dover’s Pumps & Process Solutions phase.
“We see an incredible long-term growth opportunity in the bioprocessing business driven by a robust and growing pipeline of efficient 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 strong outlook for our offerings of single-use parts to end-customers. We imagine that pairing Malema’s technology with our existing portfolio of single-use pumps for biopharma processing will significantly enhance the accuracy and value proposition of our solutions to our customers.”
“We are methodically constructing out our biopharma platform via proactive capability additions, new product growth, and opportunistic acquisitions of highly-attractive niche element applied sciences,” mentioned 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 attractive biopharma applications, we expect strong progress in the semiconductor area on the capability growth and re-shoring tailwinds.”
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