Dover has entered into a definitive settlement to acquire Malema Engineering Corp, a US designer and producer of high-precision, mission-critical flow-measurement and control devices for the biopharmaceutical, semiconductor and industrial sectors.
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Malema’s merchandise will broaden Dover’s biopharma single-use production providing, which already contains 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 income in the course of the full 12 months 2022.
When the deal closes, Malema will become a part of the PSG enterprise unit inside Dover’s Pumps & Process Solutions phase.
“We see a tremendous long-term growth alternative in the bioprocessing trade pushed by a strong and rising pipeline of effective 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 rising adoption of extra environment friendly single-use production processes helps a robust outlook for our choices of single-use elements to end-customers. We imagine that pairing Malema’s know-how 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 through proactive capacity additions, new product development, and opportunistic acquisitions of highly-attractive area of interest element technologies,” stated Richard Tobin, president and CEO of Dover. “ ไดอะแฟรม ซีล represents a strategic and highly-complementary flow-control and sensing technology and additional strengthens our sensor portfolio with new proprietary expertise. In addition to engaging biopharma purposes, we count on strong progress in the semiconductor space on the capability growth and re-shoring tailwinds.”
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