Dover has entered right into a definitive agreement to accumulate Malema Engineering Corp, a US designer and producer 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 expand 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 in the course of the full yr 2022.
When the deal closes, Malema will turn into part of the PSG business unit within Dover’s Pumps & Process Solutions section.
“We see a tremendous long-term development opportunity within the bioprocessing business driven by a powerful and growing pipeline of effective novel biologic drugs, biosimilars, protein therapies, non-COVID mRNA vaccines, as nicely as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, the rising adoption of more environment friendly single-use manufacturing processes supports a sturdy outlook for our choices of single-use elements to end-customers. We consider that pairing Malema’s technology with our existing portfolio of single-use pumps for biopharma processing will greatly enhance the accuracy and worth proposition of our solutions to our clients.”
“ เกจวัดแรงดัน1บาร์ are methodically building out our biopharma platform by way of proactive capability additions, new product growth, and opportunistic acquisitions of highly-attractive area of interest element applied sciences,” stated 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 anticipate robust growth within the semiconductor space on the capacity growth and re-shoring tailwinds.”
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