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.
เครื่องมือวัดpressure will increase Dover’s biopharma single-use production offering, which already contains 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 in the course of the full 12 months 2022.
When the deal closes, Malema will turn out to be a half of the PSG enterprise unit within Dover’s Pumps & Process Solutions section.
“We see an incredible long-term progress alternative within the bioprocessing business pushed by a strong 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 extra environment friendly single-use manufacturing processes supports a sturdy outlook for our choices of single-use parts to end-customers. We consider that pairing Malema’s expertise with our current portfolio of single-use pumps for biopharma processing will greatly enhance the accuracy and worth proposition of our solutions to our prospects.”
“We are methodically constructing out our biopharma platform through proactive capacity additions, new product growth, and opportunistic acquisitions of highly-attractive area of interest element technologies,” mentioned Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing technology and additional strengthens our sensor portfolio with new proprietary expertise. In addition to attractive biopharma purposes, we anticipate robust development within the semiconductor house on the capability expansion and re-shoring tailwinds.”
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