Dover has entered right into a definitive agreement 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.
Malema’s merchandise will broaden Dover’s biopharma single-use production providing, which already consists of Quattroflow pumps, CPC connectors, and em-tec flowmeters.
Based in Boca Raton, Florida, and with amenities 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 out to be part of the PSG enterprise unit inside Dover’s Pumps & Process Solutions segment.
“We see a tremendous long-term progress opportunity within the bioprocessing trade driven by a powerful and rising pipeline of effective 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 helps a strong outlook for our offerings of single-use components to end-customers. We imagine that pairing Malema’s expertise with our existing portfolio of single-use pumps for biopharma processing will greatly enhance the accuracy and value proposition of our solutions to our customers.”
“We are methodically constructing out our biopharma platform via proactive capacity additions, new product development, and opportunistic acquisitions of highly-attractive area of interest element technologies,” said 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 เกจวัดแรงดันปั๊มลมpuma to attractive biopharma purposes, we expect strong growth in the semiconductor space on the capability expansion and re-shoring tailwinds.”
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