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.
Image: dizain/Adobe Stock.
Malema’s products will expand Dover’s biopharma single-use manufacturing 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 approximately US$40 million–45 million in revenue through the full 12 months 2022.
When เกจวัดแรงดันลมขนาดเล็ก closes, Malema will turn into a half of the PSG business unit within Dover’s Pumps & Process Solutions segment.
“We see an incredible long-term development opportunity in the bioprocessing trade pushed by a powerful 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 more environment friendly single-use manufacturing processes supports a strong outlook for our offerings of single-use components to end-customers. We imagine that pairing Malema’s technology with our current portfolio of single-use pumps for biopharma processing will significantly improve the accuracy and worth proposition of our solutions to our prospects.”
“We are methodically building out our biopharma platform through proactive capability additions, new product growth, and opportunistic acquisitions of highly-attractive area of interest element technologies,” stated Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing know-how and further strengthens our sensor portfolio with new proprietary know-how. In addition to enticing biopharma purposes, we expect strong development in the semiconductor space on the capability enlargement and re-shoring tailwinds.”
Share