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 control devices for the biopharmaceutical, semiconductor and industrial sectors.
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Malema’s products will increase Dover’s biopharma single-use production offering, which already consists of Quattroflow pumps, CPC connectors, and em-tec flowmeters.
Based in เพรสเชอร์เกจดิจิตอล , 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 12 months 2022.
When the deal closes, Malema will turn out to be part of the PSG business unit inside Dover’s Pumps & Process Solutions phase.
“We see an amazing long-term growth alternative within the bioprocessing trade driven by a robust and growing pipeline of efficient novel biologic drugs, 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 more efficient single-use production processes helps a strong outlook for our choices of single-use elements to end-customers. We imagine that pairing Malema’s technology with our existing portfolio of single-use pumps for biopharma processing will greatly improve the accuracy and worth proposition of our solutions to our prospects.”
“We are methodically constructing out our biopharma platform through 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 further strengthens our sensor portfolio with new proprietary expertise. In addition to attractive biopharma applications, we count on sturdy development within the semiconductor area on the capacity enlargement and re-shoring tailwinds.”
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