Dover has entered right into a definitive settlement to acquire Malema Engineering Corp, a US designer and producer of high-precision, mission-critical flow-measurement and management instruments for the biopharmaceutical, semiconductor and industrial sectors.
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Malema’s products will broaden Dover’s biopharma single-use manufacturing providing, which already includes Quattroflow pumps, CPC connectors, and em-tec flowmeters.
Based in เกจวัดแรงดัน4บาร์ , Florida, and with services in San Jose, California, Singapore, South Korea and India, Malema expects to generate approximately US$40 million–45 million in revenue through the full 12 months 2022.
When the deal closes, Malema will turn into part of the PSG enterprise unit inside Dover’s Pumps & Process Solutions phase.
“We see an amazing long-term development opportunity within the bioprocessing business driven by a strong and growing pipeline of efficient 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 growing adoption of extra environment friendly single-use manufacturing processes helps a strong outlook for our offerings of single-use parts to end-customers. We consider that pairing Malema’s expertise with our current portfolio of single-use pumps for biopharma processing will greatly enhance 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 improvement, and opportunistic acquisitions of highly-attractive niche component applied sciences,” said Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing know-how and additional strengthens our sensor portfolio with new proprietary technology. In addition to attractive biopharma applications, we expect strong development in the semiconductor area on the capability growth and re-shoring tailwinds.”
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