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 devices for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
pressure gauge octa 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 during the full yr 2022.
When the deal closes, Malema will turn into a part of the PSG business unit within Dover’s Pumps & Process Solutions section.
“We see an amazing long-term development alternative in the bioprocessing business pushed by a powerful and rising pipeline of effective novel biologic medication, biosimilars, protein therapies, non-COVID mRNA vaccines, as nicely as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, the growing adoption of extra environment friendly single-use production processes helps a robust outlook for our offerings of single-use elements to end-customers. We believe that pairing Malema’s know-how with our existing portfolio of single-use pumps for biopharma processing will significantly enhance the accuracy and value proposition of our solutions to our clients.”
“We are methodically constructing out our biopharma platform via proactive capability additions, new product improvement, 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 additional strengthens our sensor portfolio with new proprietary know-how. In addition to attractive biopharma purposes, we expect robust growth within the semiconductor space on the capability growth and re-shoring tailwinds.”
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