Dover has entered into a definitive settlement to amass 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 broaden Dover’s biopharma single-use production providing, which already contains Quattroflow pumps, CPC connectors, and em-tec flowmeters.
Based in pressure gauge 10 bar , 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 through the full year 2022.
When the deal closes, Malema will turn into part of the PSG business unit inside Dover’s Pumps & Process Solutions segment.
“We see an incredible long-term development opportunity within the bioprocessing business pushed by a robust and rising pipeline of efficient 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 rising adoption of more environment friendly single-use manufacturing processes supports a sturdy outlook for our choices of single-use parts to end-customers. pressure gauge 10 bar consider that pairing Malema’s expertise with our existing portfolio of single-use pumps for biopharma processing will tremendously enhance the accuracy and value proposition of our solutions to our prospects.”
“We are methodically constructing out our biopharma platform via proactive capability additions, new product development, and opportunistic acquisitions of highly-attractive area of interest part applied sciences,” mentioned Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing know-how and further strengthens our sensor portfolio with new proprietary expertise. In addition to enticing biopharma functions, we expect robust development in the semiconductor area on the capacity expansion and re-shoring tailwinds.”
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