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 management instruments for the biopharmaceutical, semiconductor and industrial sectors.
Malema’s products will broaden Dover’s biopharma single-use manufacturing offering, 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 income through the full 12 months 2022.
When the deal closes, Malema will turn into part of the PSG enterprise unit inside Dover’s Pumps & Process Solutions phase.
“We see a tremendous long-term progress opportunity within the bioprocessing industry driven by a strong and growing pipeline of efficient 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 more environment friendly single-use manufacturing processes supports a sturdy outlook for our choices of single-use parts to end-customers. We imagine that pairing Malema’s expertise with our current portfolio of single-use pumps for biopharma processing will tremendously enhance the accuracy and value proposition of our solutions to our clients.”
“We are methodically building out our biopharma platform by way of proactive capability additions, new product development, and opportunistic acquisitions of highly-attractive niche part technologies,” said Richard Tobin, president and CEO of Dover. “ เพรสเชอร์เกจไฮดรอลิค represents a strategic and highly-complementary flow-control and sensing expertise and additional strengthens our sensor portfolio with new proprietary technology. In addition to enticing biopharma functions, we expect robust growth in the semiconductor area on the capability enlargement and re-shoring tailwinds.”
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