Dover has entered into a definitive settlement to acquire Malema Engineering Corp, a US designer and manufacturer of high-precision, mission-critical flow-measurement and management instruments for the biopharmaceutical, semiconductor and industrial sectors.
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Malema’s products will increase 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 approximately US$40 million–45 million in revenue through the full 12 months 2022.
When the deal closes, Malema will turn into a half of the PSG business unit within Dover’s Pumps & Process Solutions section.
“We see an amazing long-term development alternative in the bioprocessing industry driven by a robust 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 rising adoption of extra efficient single-use production processes supports a sturdy outlook for our choices of single-use components to end-customers. We believe that pairing Malema’s expertise with our existing 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 building out our biopharma platform via proactive capability additions, new product improvement, and opportunistic acquisitions of highly-attractive niche element applied sciences,” stated Richard Tobin, president and CEO of Dover. “ เกจวัดแรงดันน้ำราคา represents a strategic and highly-complementary flow-control and sensing expertise and further strengthens our sensor portfolio with new proprietary technology. In เกจวัดแรงดัน4บาร์ to enticing biopharma applications, we count on robust development within the semiconductor area on the capacity growth and re-shoring tailwinds.”
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