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

Dover has entered right into a definitive settlement to accumulate 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 products will expand 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 amenities in San Jose, California, Singapore, South Korea and India, Malema expects to generate approximately US$40 million–45 million in income in the course of the full yr 2022.
When the deal closes, Malema will become part of the PSG business unit inside Dover’s Pumps & Process Solutions segment.
“We see a tremendous long-term progress opportunity within the bioprocessing business driven by a robust and growing pipeline of effective novel biologic drugs, biosimilars, protein therapies, non-COVID mRNA vaccines, as well as budding cell & gene therapies,” says PSG’s president Karl Buscher. “Additionally, the rising adoption of extra environment friendly single-use production processes helps a strong outlook for our choices of single-use elements to end-customers. We believe that pairing Malema’s know-how with our current portfolio of single-use pumps for biopharma processing will tremendously improve the accuracy and worth proposition of our options to our customers.”

“We are methodically constructing out our biopharma platform via proactive capacity additions, new product improvement, and opportunistic acquisitions of highly-attractive area of interest part technologies,” stated Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing expertise and additional strengthens our sensor portfolio with new proprietary technology. In pressure gauge octa to attractive biopharma purposes, we anticipate robust growth in the semiconductor area on the capability expansion and re-shoring tailwinds.”

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