Dover has entered right into a definitive settlement to amass Malema Engineering Corp, a US designer and producer of high-precision, mission-critical flow-measurement and management devices for the biopharmaceutical, semiconductor and industrial sectors.
Malema’s merchandise will expand Dover’s biopharma single-use manufacturing providing, which already consists of Quattroflow pumps, CPC connectors, and em-tec flowmeters.
Based in Boca Raton, Florida, and with amenities in San Jose, California, Singapore, South Korea and India, Malema expects to generate approximately US$40 million–45 million in income through the full 12 months 2022.
When the deal closes, Malema will turn into part of the PSG enterprise unit within Dover’s Pumps & Process Solutions section.
“We see an incredible long-term growth alternative in the bioprocessing industry pushed by a strong and rising pipeline of efficient novel biologic medication, biosimilars, protein therapies, non-COVID mRNA vaccines, in addition to budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, ส่วนประกอบpressuregauge growing adoption of extra environment friendly single-use production processes supports a sturdy outlook for our choices of single-use elements to end-customers. We consider that pairing Malema’s expertise with our existing portfolio of single-use pumps for biopharma processing will tremendously enhance the accuracy and value proposition of our options to our prospects.”
“We are methodically constructing out our biopharma platform by way of proactive capacity additions, new product growth, and opportunistic acquisitions of highly-attractive area of interest component technologies,” stated Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing expertise and further strengthens our sensor portfolio with new proprietary technology. In addition to enticing biopharma applications, we anticipate robust development in the semiconductor area on the capacity enlargement and re-shoring tailwinds.”
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