Acquisition will add to Dover’s single-use component providing

Dover has entered right into a definitive settlement to accumulate Malema Engineering Corp, a US designer and manufacturer of high-precision, mission-critical flow-measurement and management devices for the biopharmaceutical, semiconductor and industrial sectors.
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 pressure gauge ด้าน ดูด , Florida, and with services in San Jose, California, Singapore, South Korea and India, Malema expects to generate approximately US$40 million–45 million in revenue through the full yr 2022.
When the deal closes, Malema will become a part of the PSG enterprise unit inside Dover’s Pumps & Process Solutions phase.
“We see an incredible long-term development opportunity in the bioprocessing business driven by a powerful and growing pipeline of effective 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 rising adoption of extra efficient single-use manufacturing processes helps a sturdy outlook for our offerings of single-use elements to end-customers. We believe that pairing Malema’s know-how with our present portfolio of single-use pumps for biopharma processing will significantly enhance the accuracy and worth proposition of our options to our prospects.”
“We are methodically constructing out our biopharma platform through proactive capacity additions, new product improvement, and opportunistic acquisitions of highly-attractive area of interest component applied sciences,” stated Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing expertise and additional strengthens our sensor portfolio with new proprietary know-how. In addition to attractive biopharma functions, we expect strong progress within the semiconductor area on the capacity expansion and re-shoring tailwinds.”
Share