Dover has entered into a definitive agreement to accumulate 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 facilities in San Jose, California, Singapore, South Korea and India, Malema expects to generate roughly US$40 million–45 million in income through the full year 2022.
When เกจวัดแรงดันco2 closes, Malema will turn out to be a half of the PSG enterprise unit inside Dover’s Pumps & Process Solutions segment.
“We see a tremendous long-term development opportunity within the bioprocessing trade driven by a strong 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 manufacturing processes supports a strong outlook for our choices of single-use components to end-customers. We believe that pairing Malema’s technology with our current portfolio of single-use pumps for biopharma processing will greatly enhance the accuracy and worth proposition of our options to our clients.”
“We are methodically constructing out our biopharma platform via proactive capacity additions, new product improvement, 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 expertise and additional strengthens our sensor portfolio with new proprietary technology. In addition to enticing biopharma functions, we anticipate strong growth in the semiconductor area on the capacity enlargement and re-shoring tailwinds.”
Share