Acquisition will add to Dover’s single-use element offering

Dover has entered right into a definitive agreement to accumulate 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.
Image: dizain/Adobe Stock.
Malema’s merchandise will broaden Dover’s biopharma single-use manufacturing offering, which already consists of 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 through the full 12 months 2022.
When Case study closes, Malema will turn into a half of the PSG business unit within Dover’s Pumps & Process Solutions section.
“We see an amazing long-term development alternative in the bioprocessing trade pushed 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 rising adoption of extra efficient single-use manufacturing processes supports a strong outlook for our offerings of single-use parts to end-customers. We consider that pairing Malema’s know-how with our present portfolio of single-use pumps for biopharma processing will tremendously enhance the accuracy and worth proposition of our options to our prospects.”
“We are methodically building out our biopharma platform through proactive capacity additions, new product development, and opportunistic acquisitions of highly-attractive area of interest component applied sciences,” said Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing expertise and further strengthens our sensor portfolio with new proprietary know-how. In addition to enticing biopharma functions, we count on strong progress within the semiconductor space on the capacity enlargement and re-shoring tailwinds.”
Share

Leave a Comment