Dover has entered into a definitive settlement to accumulate 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 expand 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 facilities in San Jose, California, Singapore, South Korea and India, Malema expects to generate roughly US$40 million–45 million in revenue during the full year 2022.
When the deal closes, Malema will turn into part of the PSG enterprise unit inside Dover’s Pumps & Process Solutions section.
“We see an amazing long-term development alternative within the bioprocessing trade pushed by a powerful and growing pipeline of efficient novel biologic medicine, biosimilars, protein therapies, non-COVID mRNA vaccines, as properly as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, the growing adoption of extra efficient single-use production processes supports a strong outlook for our choices of single-use parts to end-customers. We consider that pairing Malema’s technology with our present portfolio of single-use pumps for biopharma processing will tremendously improve the accuracy and worth proposition of our solutions to our customers.”
“We are methodically building out our biopharma platform via proactive capacity additions, new product improvement, and opportunistic acquisitions of highly-attractive area of interest component technologies,” mentioned Richard Tobin, president and CEO of Dover. “ pressure gauge represents a strategic and highly-complementary flow-control and sensing know-how and additional strengthens our sensor portfolio with new proprietary know-how. In addition to enticing biopharma functions, we expect robust progress in the semiconductor house on the capability enlargement and re-shoring tailwinds.”
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