Dover has entered right into a definitive agreement to amass Malema Engineering Corp, a US designer and producer of high-precision, mission-critical flow-measurement and management devices for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
Malema’s products will broaden Dover’s biopharma single-use manufacturing offering, which already contains 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 in the course of the full year 2022.
When the deal closes, Malema will turn out to be a half of the PSG business unit inside Dover’s Pumps & Process Solutions segment.
“We see an amazing long-term development alternative in the bioprocessing trade driven by a powerful and growing pipeline of effective novel biologic medicine, biosimilars, protein therapies, non-COVID mRNA vaccines, in addition to budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, the rising adoption of extra efficient single-use manufacturing processes supports a strong outlook for our choices of single-use elements to end-customers. We imagine that pairing Malema’s know-how with our present portfolio of single-use pumps for biopharma processing will greatly improve the accuracy and value proposition of our solutions to our clients.”
“We are methodically building out our biopharma platform through proactive capability additions, new product growth, and opportunistic acquisitions of highly-attractive niche part applied sciences,” stated Richard Tobin, president and CEO of Dover. “ เกวัดแรงดันน้ำ represents a strategic and highly-complementary flow-control and sensing technology and further strengthens our sensor portfolio with new proprietary expertise. In addition to enticing biopharma purposes, we count on sturdy progress within the semiconductor space on the capability enlargement and re-shoring tailwinds.”
Share