Dover has entered right into a definitive agreement to acquire Malema Engineering Corp, a US designer and manufacturer of high-precision, mission-critical flow-measurement and control devices for the biopharmaceutical, semiconductor and industrial sectors.
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Malema’s products will broaden Dover’s biopharma single-use production providing, which already contains 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 approximately US$40 million–45 million in income during the full yr 2022.
When เพรสเชอร์เกจไฮดรอลิค closes, Malema will turn out to be a part of the PSG business unit within Dover’s Pumps & Process Solutions section.
“We see a tremendous long-term development opportunity in the bioprocessing industry pushed by a strong and rising pipeline of efficient novel biologic drugs, 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 production processes supports a sturdy outlook for our offerings of single-use parts to end-customers. We believe that pairing Malema’s expertise with our existing portfolio of single-use pumps for biopharma processing will significantly improve 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 development, and opportunistic acquisitions of highly-attractive area of interest part applied sciences,” said 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 attractive biopharma purposes, we count on robust growth within the semiconductor area on the capacity expansion and re-shoring tailwinds.”
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