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 control instruments for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
Malema’s products will broaden 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 amenities 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 a part of the PSG business unit within Dover’s Pumps & Process Solutions phase.
“We see an incredible long-term progress alternative within the bioprocessing industry driven by a strong and growing 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, the rising adoption of extra environment friendly single-use manufacturing processes supports a robust outlook for our offerings of single-use components to end-customers. We imagine that pairing Malema’s know-how with our present portfolio of single-use pumps for biopharma processing will tremendously improve the accuracy and value proposition of our options to our customers.”

digital pressure gauge are methodically constructing out our biopharma platform via proactive capability additions, new product development, and opportunistic acquisitions of highly-attractive area of interest element technologies,” mentioned Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing technology and further strengthens our sensor portfolio with new proprietary know-how. In addition to attractive biopharma purposes, we anticipate sturdy development within the semiconductor space on the capacity enlargement and re-shoring tailwinds.”

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