Dover has entered into a definitive agreement to amass 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.
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Malema’s products will increase Dover’s biopharma single-use production offering, which already consists of 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 revenue during the full year 2022.
When the deal closes, Malema will turn into a part of the PSG enterprise unit within Dover’s Pumps & Process Solutions phase.
“We see a tremendous long-term development opportunity within the bioprocessing industry driven by a powerful and growing 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 offerings of single-use elements to end-customers. We consider that pairing Malema’s technology with our current portfolio of single-use pumps for biopharma processing will significantly improve the accuracy and value proposition of our options to our customers.”
“We are methodically constructing out our biopharma platform by way of proactive capacity additions, new product growth, and opportunistic acquisitions of highly-attractive niche part applied sciences,” mentioned Richard Tobin, president and CEO of Dover. “ เกจวัดแรงดัน1บาร์ represents a strategic and highly-complementary flow-control and sensing know-how and further strengthens our sensor portfolio with new proprietary technology. In เกจวัดความดันpressuregauge to attractive biopharma purposes, we expect sturdy progress within the semiconductor area on the capability enlargement and re-shoring tailwinds.”
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