Dover has entered into a definitive agreement to acquire Malema Engineering Corp, a US designer and manufacturer of high-precision, mission-critical flow-measurement and management instruments for the biopharmaceutical, semiconductor and industrial sectors.
Malema’s merchandise will increase Dover’s biopharma single-use production providing, which already includes 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 revenue in the course of the full yr 2022.
When the deal closes, Malema will turn out to be part of the PSG enterprise unit inside Dover’s Pumps & Process Solutions section.
“We see an amazing long-term growth alternative within the bioprocessing trade driven by a strong and rising pipeline of efficient novel biologic medicine, biosimilars, protein therapies, non-COVID mRNA vaccines, as nicely as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, pressure gauge น้ำ growing adoption of more environment friendly single-use manufacturing processes supports a robust outlook for our choices of single-use components to end-customers. We believe that pairing Malema’s expertise with our current portfolio of single-use pumps for biopharma processing will tremendously enhance the accuracy and worth proposition of our options to our prospects.”
“We are methodically constructing out our biopharma platform through proactive capability additions, new product improvement, and opportunistic acquisitions of highly-attractive area of interest part technologies,” mentioned Richard Tobin, president and CEO of Dover. “ เครื่องมือที่ใช้วัดความดัน represents a strategic and highly-complementary flow-control and sensing expertise and further strengthens our sensor portfolio with new proprietary expertise. In addition to engaging biopharma functions, we count on strong growth within the semiconductor space on the capacity growth and re-shoring tailwinds.”
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