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Dover has entered right into a definitive agreement to acquire 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 products will increase Dover’s biopharma single-use production 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 income during the full 12 months 2022.
When the deal closes, Malema will become part of the PSG business unit inside Dover’s Pumps & Process Solutions segment.
“We see a tremendous long-term growth alternative in the bioprocessing business driven by a robust and rising 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 sturdy 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 tremendously enhance the accuracy and worth proposition of our options to our customers.”
เกจแรงดันสูง are methodically building out our biopharma platform through proactive capability additions, new product improvement, 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 technology and additional strengthens our sensor portfolio with new proprietary know-how. In addition to attractive biopharma purposes, we expect strong progress within the semiconductor area on the capability enlargement and re-shoring tailwinds.”
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