Dover has entered right into a definitive agreement to amass Malema Engineering Corp, a US designer and manufacturer of high-precision, mission-critical flow-measurement and control instruments for the biopharmaceutical, semiconductor and industrial sectors.
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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 roughly US$40 million–45 million in income in the course of the full year 2022.
When the deal closes, Malema will turn out to be a part of the PSG enterprise unit inside Dover’s Pumps & Process Solutions section.
“We see an incredible long-term development opportunity in the bioprocessing industry driven by a strong and rising pipeline of effective novel biologic medication, biosimilars, protein therapies, non-COVID mRNA vaccines, as nicely as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, the growing adoption of extra efficient single-use production processes supports a sturdy outlook for our choices of single-use elements to end-customers. เกจ์ลมsumo consider that pairing Malema’s technology with our existing portfolio of single-use pumps for biopharma processing will greatly enhance the accuracy and value proposition of our solutions to our clients.”
“We are methodically constructing out our biopharma platform via proactive capacity additions, new product development, 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 technology and further strengthens our sensor portfolio with new proprietary know-how. In addition to attractive biopharma functions, we expect strong growth in the semiconductor space on the capacity enlargement and re-shoring tailwinds.”
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