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

Dover has entered right into a definitive agreement to amass Malema Engineering Corp, a US designer and producer 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 increase Dover’s biopharma single-use production providing, which already consists of 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 income during the full year 2022.
When Ready closes, Malema will turn into part of the PSG business unit within Dover’s Pumps & Process Solutions segment.
“We see an amazing long-term development opportunity within the bioprocessing trade 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 environment friendly single-use manufacturing processes helps a sturdy outlook for our choices of single-use elements to end-customers. We consider that pairing Malema’s expertise with our current portfolio of single-use pumps for biopharma processing will significantly enhance the accuracy and worth proposition of our options to our clients.”
“We are methodically building out our biopharma platform via proactive capability additions, new product improvement, and opportunistic acquisitions of highly-attractive area of interest part applied sciences,” mentioned Richard Tobin, president and CEO of Dover. “Malema represents a strategic and highly-complementary flow-control and sensing know-how and further strengthens our sensor portfolio with new proprietary technology. In addition to engaging biopharma functions, we anticipate robust growth within the semiconductor area on the capacity growth and re-shoring tailwinds.”
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