Dover has entered right into a definitive settlement to acquire Malema Engineering Corp, a US designer and manufacturer of high-precision, mission-critical flow-measurement and management devices for the biopharmaceutical, semiconductor and industrial sectors.
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Malema’s merchandise will expand Dover’s biopharma single-use manufacturing providing, which already contains 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 revenue through the full year 2022.
When the deal closes, Malema will turn into part of the PSG business unit inside Dover’s Pumps & Process Solutions section.
“We see an incredible long-term progress alternative in the bioprocessing trade pushed by a robust and growing pipeline of effective novel biologic medication, biosimilars, protein therapies, non-COVID mRNA vaccines, as properly as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, the rising adoption of more efficient single-use production processes helps a sturdy outlook for our offerings of single-use parts to end-customers. เพรสเชอร์เกจน้ำ believe that pairing Malema’s technology with our current portfolio of single-use pumps for biopharma processing will tremendously improve the accuracy and value proposition of our solutions to our customers.”
“We are methodically constructing out our biopharma platform through proactive capacity additions, new product development, and opportunistic acquisitions of highly-attractive area of interest element technologies,” stated 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 enticing biopharma applications, we expect robust development within the semiconductor area on the capacity growth and re-shoring tailwinds.”
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