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 increase Dover’s biopharma single-use manufacturing offering, which already includes Quattroflow pumps, CPC connectors, and em-tec flowmeters.
Based in ไดอะแฟรม , Florida, and with facilities in San Jose, California, Singapore, South Korea and India, Malema expects to generate approximately US$40 million–45 million in income through the full year 2022.
When the deal closes, Malema will turn into a part of the PSG enterprise unit inside Dover’s Pumps & Process Solutions segment.
“We see an incredible long-term growth opportunity in the bioprocessing business pushed by a strong and rising pipeline of efficient novel biologic medicine, 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 sturdy outlook for our offerings of single-use elements to end-customers. We believe that pairing Malema’s expertise with our existing portfolio of single-use pumps for biopharma processing will greatly improve the accuracy and worth proposition of our solutions to our clients.”
“We are methodically constructing out our biopharma platform by way of proactive capacity additions, new product development, and opportunistic acquisitions of highly-attractive area of interest component technologies,” mentioned Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing technology and additional strengthens our sensor portfolio with new proprietary know-how. In addition to attractive biopharma functions, we expect sturdy development in the semiconductor house on the capacity growth and re-shoring tailwinds.”
Share