Clearfield to acquire nestor cables, a leading european developer and manufacturer of fiber optic cable solutions

Minneapolis, may 17, 2022 (globe newswire) -- clearfield, inc. (“clearfield”) (nasdaq: clfd), the specialist in fiber management and connectivity platforms for communication service providers, has entered into a definitive agreement to acquire finnish company nestor cables oy (“nestor”), a leading developer and manufacturer of fiber optic cable solutions. the pending 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.
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