Acquisition will add to Dover’s single-use component providing

Dover has entered right into a definitive settlement to acquire Malema Engineering Corp, a US designer and manufacturer of high-precision, mission-critical flow-measurement and control instruments for the biopharmaceutical, semiconductor and industrial sectors.
Image: dizain/Adobe Stock.
Malema’s merchandise will increase Dover’s biopharma single-use production offering, which already consists of Quattroflow pumps, CPC connectors, and em-tec flowmeters.
Based in Boca Raton, Florida, and with facilities in San Jose, California, Singapore, South Korea and India, Malema expects to generate roughly US$40 million–45 million in income during the full yr 2022.
When the deal closes, Malema will turn into a half of the PSG business unit inside Dover’s Pumps & Process Solutions segment.
“We see an amazing long-term development opportunity in the bioprocessing industry driven by a robust 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 growing adoption of more efficient single-use manufacturing processes supports a robust outlook for our choices of single-use elements to end-customers. Mold imagine that pairing Malema’s expertise with our present portfolio of single-use pumps for biopharma processing will significantly improve the accuracy and value proposition of our options to our clients.”
“We are methodically building out our biopharma platform by way of proactive capability additions, new product growth, and opportunistic acquisitions of highly-attractive area of interest component applied sciences,” stated 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 expertise. In addition to attractive biopharma purposes, we anticipate sturdy progress within the semiconductor area on the capacity growth and re-shoring tailwinds.”
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