Dover has entered right into a definitive settlement to accumulate Malema Engineering Corp, a US designer and producer of high-precision, mission-critical flow-measurement and management instruments for the biopharmaceutical, semiconductor and industrial sectors.
Malema’s merchandise will broaden Dover’s biopharma single-use manufacturing providing, which already contains 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 yr 2022.
When the deal closes, Malema will turn out to be part of the PSG business unit within Dover’s Pumps & Process Solutions section.
“We see an amazing long-term growth opportunity within the bioprocessing industry driven by a powerful and growing pipeline of efficient novel biologic medication, biosimilars, protein therapies, non-COVID mRNA vaccines, as properly as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, the rising adoption of extra environment friendly single-use manufacturing processes helps a strong outlook for our offerings of single-use parts to end-customers. We consider that pairing Malema’s know-how with our present portfolio of single-use pumps for biopharma processing will tremendously enhance the accuracy and worth proposition of our solutions to our clients.”
“We are methodically building out our biopharma platform by way of proactive capacity additions, new product growth, and opportunistic acquisitions of highly-attractive niche component technologies,” mentioned Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing technology and further strengthens our sensor portfolio with new proprietary technology. In เกจวัดความดันpressuregauge to attractive biopharma functions, we expect strong growth within the semiconductor house on the capability expansion and re-shoring tailwinds.”
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