Dover has entered 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 merchandise 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 services in San Jose, California, Singapore, South Korea and India, Malema expects to generate approximately US$40 million–45 million in income through the full year 2022.
When the deal closes, Malema will turn into a half of the PSG business unit within Dover’s Pumps & Process Solutions section.
“We see a tremendous long-term progress opportunity in the bioprocessing business driven by a strong and growing pipeline of effective novel biologic medication, biosimilars, protein therapies, non-COVID mRNA vaccines, in addition to budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, เพรสเชอร์เกจ rising adoption of extra efficient single-use manufacturing processes supports a strong outlook for our offerings of single-use parts to end-customers. We believe that pairing Malema’s technology with our existing portfolio of single-use pumps for biopharma processing will significantly improve the accuracy and value proposition of our solutions to our prospects.”
“We are methodically constructing out our biopharma platform through proactive capacity additions, new product improvement, and opportunistic acquisitions of highly-attractive area of interest component technologies,” said 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 technology. In addition to engaging biopharma purposes, we expect sturdy development in the semiconductor house on the capability growth and re-shoring tailwinds.”
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