Dover Corporation acquires Malema Engineering Corporation
Snapshot
Dover Corporation acquired Malema Engineering Corporation for $223.5 million in July 2022. The transaction was structured as all cash. Malema Engineering Corporation is a Pumps & Process Solutions business.
- Acquirer
- Dover Corporation
- Target
- Malema Engineering Corporation
- Value
- $223.5 million
- Date
- July 2022
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
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
No advisory firms have been disclosed for this transaction.