Dover has entered into a definitive agreement to acquire 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 broaden Dover’s biopharma single-use production offering, which already includes 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 out to be a part of the PSG business unit inside Dover’s Pumps & Process Solutions section.
“We see a tremendous long-term growth alternative within the bioprocessing business pushed by a strong and rising pipeline of effective novel biologic medicine, 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 strong outlook for our offerings of single-use elements to end-customers. We believe that pairing Malema’s know-how with our current portfolio of single-use pumps for biopharma processing will tremendously enhance the accuracy and value proposition of our solutions to our customers.”
“We are methodically constructing out our biopharma platform by way of proactive capability additions, new product development, and opportunistic acquisitions of highly-attractive niche component applied sciences,” mentioned Richard Tobin, president and CEO of Dover. “ digital pressure gauge represents a strategic and highly-complementary flow-control and sensing know-how and additional strengthens our sensor portfolio with new proprietary technology. In เพรสเชอร์เกจ to engaging biopharma purposes, we expect strong development in the semiconductor house on the capacity enlargement and re-shoring tailwinds.”
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