Dover Corporation acquired Malema Engineering Corporation for $223.5 million, a transaction completed in July 2022, structured as all cash.
Malema Engineering Corporation operates in Pumps & Process Solutions. Malema Engineering Corporation and its related foreign entities (Malema) is a designer and manufacturer of flow measurement and control instruments serving customers in the biopharmaceutical, semiconductor and industrial sectors. Acquired 99.7 percent of the equity interests for $223.5 million, net of cash acquired.
Malema deepens Dover's flow measurement and control instrumentation for biopharma and semiconductor markets.
Pumps & Process Solutions
Advisory firms were not disclosed for this transaction.