Dover has entered right into a definitive agreement to accumulate Malema Engineering Corp, a US designer and manufacturer of high-precision, mission-critical flow-measurement and management devices for the biopharmaceutical, semiconductor and industrial sectors.
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Malema’s products will increase 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 services 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 business unit inside Dover’s Pumps & Process Solutions section.
“We see an amazing long-term development opportunity within the bioprocessing industry pushed 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 growing adoption of more efficient single-use manufacturing processes helps a strong outlook for our offerings of single-use components to end-customers. We imagine that pairing Malema’s know-how with our existing portfolio of single-use pumps for biopharma processing will significantly enhance the accuracy and worth proposition of our options to our prospects.”
“ เกจวัดแรงดันnuovafima are methodically constructing out our biopharma platform through proactive capability additions, new product improvement, and opportunistic acquisitions of highly-attractive area of interest part technologies,” said Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing expertise and further strengthens our sensor portfolio with new proprietary technology. In addition to engaging biopharma functions, we expect robust progress in the semiconductor house on the capability growth and re-shoring tailwinds.”