Dover has entered right into a definitive agreement to acquire 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 services 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 12 months 2022.
When the deal closes, Malema will turn into a part of the PSG business unit inside Dover’s Pumps & Process Solutions section.
“We see an amazing long-term development alternative in the bioprocessing business driven by a powerful and rising 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 more efficient single-use production processes supports a strong outlook for our choices of single-use elements to end-customers. ไดอะแฟรม ซีล consider that pairing Malema’s know-how with our current portfolio of single-use pumps for biopharma processing will significantly improve the accuracy and value proposition of our options to our customers.”
“We are methodically building out our biopharma platform through proactive capability additions, new product development, and opportunistic acquisitions of highly-attractive area of interest part applied sciences,” stated Richard Tobin, president and CEO of Dover. “ pressure gauge octa represents a strategic and highly-complementary flow-control and sensing technology and further strengthens our sensor portfolio with new proprietary expertise. In addition to enticing biopharma purposes, we expect robust progress within the semiconductor space on the capability enlargement and re-shoring tailwinds.”
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