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

Dover has entered right into a definitive agreement to accumulate 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.
Image: dizain/Adobe Stock.
Malema’s products will expand Dover’s biopharma single-use production offering, which already contains 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 during the full year 2022.
When the deal closes, Malema will turn into part of the PSG business unit inside Dover’s Pumps & Process Solutions section.
“We see a tremendous long-term progress opportunity within the bioprocessing business driven by a robust and growing pipeline of efficient novel biologic drugs, biosimilars, protein therapies, non-COVID mRNA vaccines, in addition to budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, ส่วนประกอบpressuregauge rising adoption of extra efficient single-use production processes helps a strong outlook for our choices of single-use parts to end-customers. We consider that pairing Malema’s technology with our current portfolio of single-use pumps for biopharma processing will tremendously improve the accuracy and worth proposition of our options to our prospects.”
“We are methodically constructing out our biopharma platform by way of proactive capacity additions, new product development, and opportunistic acquisitions of highly-attractive area of interest element technologies,” stated Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing technology and further strengthens our sensor portfolio with new proprietary technology. In addition to engaging biopharma functions, we expect strong growth in the semiconductor space on the capability expansion and re-shoring tailwinds.”
Share

Leave a Comment