Dover has entered right into a definitive settlement to accumulate Malema Engineering Corp, a US designer and producer of high-precision, mission-critical flow-measurement and management instruments for the biopharmaceutical, semiconductor and industrial sectors.
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Malema’s merchandise will expand Dover’s biopharma single-use production offering, 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 revenue in the course of the full 12 months 2022.
When the deal closes, Malema will turn into part of the PSG business unit inside Dover’s Pumps & Process Solutions section.
“We see an incredible long-term progress alternative in the bioprocessing industry driven by a powerful and growing pipeline of efficient 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 production processes supports a sturdy outlook for our offerings of single-use components to end-customers. pressure gauge 10 bar imagine that pairing Malema’s expertise with our existing portfolio of single-use pumps for biopharma processing will tremendously enhance the accuracy and worth proposition of our options to our customers.”
“We are methodically building out our biopharma platform through proactive capacity additions, new product growth, and opportunistic acquisitions of highly-attractive niche element applied sciences,” said Richard Tobin, president and CEO of Dover. “ pressure gauge represents a strategic and highly-complementary flow-control and sensing know-how and further strengthens our sensor portfolio with new proprietary know-how. In addition to attractive biopharma applications, we expect strong progress in the semiconductor space on the capability growth and re-shoring tailwinds.”