Dover has entered right into a definitive agreement to accumulate 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 increase Dover’s biopharma single-use manufacturing providing, which already consists of 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 roughly US$40 million–45 million in income in the course of the full yr 2022.
When the deal closes, Malema will turn into part of the PSG business unit inside Dover’s Pumps & Process Solutions phase.
“We see a tremendous long-term development opportunity within the bioprocessing trade pushed by a strong and rising pipeline of effective novel biologic drugs, 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 helps a robust outlook for our choices of single-use parts to end-customers. เกจวัดถังแก๊ส consider that pairing Malema’s know-how with our present portfolio of single-use pumps for biopharma processing will tremendously improve the accuracy and worth proposition of our solutions to our prospects.”
“We are methodically constructing out our biopharma platform through proactive capacity additions, new product growth, and opportunistic acquisitions of highly-attractive niche element 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 expertise. In addition to attractive biopharma purposes, we expect strong development in the semiconductor space on the capacity growth and re-shoring tailwinds.”
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