Auto Draft

Dover has entered right into a definitive settlement to acquire Malema Engineering Corp, a US designer and manufacturer of high-precision, mission-critical flow-measurement and control instruments for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
เพรสเชอร์เกจ will expand Dover’s biopharma single-use manufacturing providing, which already includes 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 revenue in the course of the full year 2022.
When the deal closes, Malema will turn into a part of the PSG business unit within Dover’s Pumps & Process Solutions section.
“We see an incredible long-term development alternative within the bioprocessing industry driven by a powerful 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 growing adoption of extra environment friendly single-use manufacturing processes helps a strong outlook for our offerings of single-use elements to end-customers. We consider that pairing Malema’s expertise with our current portfolio of single-use pumps for biopharma processing will significantly enhance the accuracy and worth proposition of our solutions to our prospects.”

“We are methodically constructing out our biopharma platform via proactive capability additions, new product growth, and opportunistic acquisitions of highly-attractive niche element applied sciences,” stated Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing technology and additional strengthens our sensor portfolio with new proprietary expertise. In addition to attractive biopharma purposes, we expect strong growth within the semiconductor space on the capability enlargement and re-shoring tailwinds.”

Share

Scroll to Top