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 management devices for the biopharmaceutical, semiconductor and industrial sectors.
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Malema’s products will broaden Dover’s biopharma single-use manufacturing offering, 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 roughly US$40 million–45 million in revenue through the full yr 2022.
When the deal closes, Malema will turn out to be a half of the PSG enterprise unit within Dover’s Pumps & Process Solutions segment.
“We see an amazing long-term progress opportunity in the bioprocessing business driven by a robust and rising pipeline of efficient novel biologic drugs, 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 efficient single-use production processes supports a robust outlook for our choices of single-use elements to end-customers. We believe that pairing Malema’s expertise with our current portfolio of single-use pumps for biopharma processing will tremendously improve the accuracy and worth proposition of our solutions to our clients.”
“We are methodically constructing out our biopharma platform by way of proactive capability additions, new product development, 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 expertise and further strengthens our sensor portfolio with new proprietary expertise. In เกจวัดแรงดันsumo to enticing biopharma functions, we anticipate strong progress within the semiconductor space on the capability expansion and re-shoring tailwinds.”
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