Dover has entered right into a definitive settlement to acquire Malema Engineering Corp, a US designer and manufacturer of high-precision, mission-critical flow-measurement and control devices for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
Malema’s products will broaden 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 facilities in San Jose, California, Singapore, South Korea and India, Malema expects to generate approximately US$40 million–45 million in revenue in the course of the full 12 months 2022.
When the deal closes, Malema will become part of the PSG business unit inside Dover’s Pumps & Process Solutions section.
“ spmk700 see an amazing long-term progress opportunity within the bioprocessing business pushed by a robust 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 efficient single-use production processes helps a strong outlook for our choices of single-use elements to end-customers. We imagine that pairing Malema’s technology with our current portfolio of single-use pumps for biopharma processing will tremendously enhance the accuracy and value proposition of our options to our clients.”
“We are methodically building out our biopharma platform by way of proactive capability additions, new product growth, and opportunistic acquisitions of highly-attractive niche component applied sciences,” mentioned 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 addition to attractive biopharma purposes, we expect sturdy development in the semiconductor house on the capacity expansion and re-shoring tailwinds.”
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