Dover has entered into a definitive settlement to accumulate 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.
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Malema’s merchandise will expand Dover’s biopharma single-use manufacturing providing, which already includes 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 revenue during the full year 2022.
When the deal closes, Malema will turn into a half of the PSG business unit inside Dover’s Pumps & Process Solutions section.
“We see an amazing long-term development opportunity in the bioprocessing trade pushed by a strong and growing pipeline of effective novel biologic medication, biosimilars, protein therapies, non-COVID mRNA vaccines, in addition to budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, the rising adoption of more environment friendly single-use manufacturing processes supports a strong outlook for our offerings of single-use parts to end-customers. We consider that pairing Malema’s expertise with our present portfolio of single-use pumps for biopharma processing will tremendously improve the accuracy and value proposition of our solutions to our customers.”
“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,” mentioned Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing technology and additional strengthens our sensor portfolio with new proprietary technology. In เกจวัดแรงดันpcp to enticing biopharma purposes, we anticipate sturdy development within the semiconductor house on the capacity growth and re-shoring tailwinds.”