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Clearfield Closes Acquisition of European Fiber Optic Cable Solutions Manufacturer Nestor Cables.

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MANews-(C)2009-2022

US-based fiber management and connectivity platforms provider Clearfield, Inc (NASDAQ: CLFD), serving communication service providers, has closed the acquisition of Finnish fiber optic cable solutions developer and manufacturer Nestor Cables Oy, the company said.

The acquisition follows a long-standing, synergistic relationship between Clearfield and Nestor, who have worked together for over a decade.

The acquisition is expected to be accretive to Clearfield earnings.

Nestor was founded in 2007 in Oulu, Finland, by cable technology professionals. Its product portfolio includes fiber optic cables, connectivity accessories for fiber optic networks and instrumentation, and the Nestor Optimus product family for microduct networks.

Nestor offers its customers solutions for fiber optic networks, including fiber to the home and fiber to the premises applications.

Nestor has a market position in Finland as a supplier of optical fiber cabling. The company also exports many of its products to the European continent, accounting for approximately 30% of its annual revenues.

Nestor operates two production facilities and has customers in more than 50 countries.

Since 2012, Nestor has supplied fiber optic cables for Clearfield's high-quality FieldShield product line. This strategic acquisition will enable Clearfield to vertically integrate the supply of its fiber optic cables to meet future customer demand.

Furthermore, Clearfield anticipates leveraging the deep technical expertise of the Nestor team, who have decades of optical experience, to extend the available supply of FieldShield fiber into the North American market.

Clearfield expects to open...

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