Dover has entered into a definitive settlement to acquire Malema Engineering Corp, a US designer and producer of high-precision, mission-critical flow-measurement and management devices for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
Malema’s merchandise 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 facilities in San Jose, California, Singapore, South Korea and India, Malema expects to generate roughly US$40 million–45 million in income through the full year 2022.
When the deal closes, Malema will turn into part of the PSG enterprise unit inside Dover’s Pumps & Process Solutions segment.
“We see a tremendous long-term growth opportunity in the bioprocessing industry pushed by a powerful and rising 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, the growing adoption of more environment friendly single-use production processes helps a strong outlook for our offerings of single-use components to end-customers. เพรสเชอร์เกจnuovafima believe that pairing Malema’s expertise with our current portfolio of single-use pumps for biopharma processing will greatly improve the accuracy and worth proposition of our solutions to our customers.”
“We are methodically building out our biopharma platform through proactive capacity additions, new product improvement, and opportunistic acquisitions of highly-attractive area of interest element applied sciences,” said Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing know-how and additional strengthens our sensor portfolio with new proprietary technology. In addition to engaging biopharma applications, we count on strong development within the semiconductor house on the capability growth and re-shoring tailwinds.”
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