U.S.-based Clearfield, which specializes in fiber management and connectivity platforms for communication service providers, has entered into a definitive agreement to acquire Finnish company Nestor Cables, a leading developer and manufacturer of fiber optic cable solutions.
A press release said that the pending acquisition follows a long-standing, synergistic relationship between Clearfield and Nestor, who have worked together for over a decade. Founded in 2007 in Oulu, Finland, Nestor’s 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 complete solutions for fiber optic networks, including FTTH and FTTP.
Nestor has a strong 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. In 2021, Nestor generated EUR €31.7 million in revenue under Finnish Accounting Standards
Nestor operates two production facilities and has customers in more than 50 countries. Since 2012, Nestor has supplied fiber optic cables for Clearfield. The strategic acquisition will enable Clearfield to vertically integrate the supply of its fiber optic cables to meet future customer demand. It also makes it possible for Clearfield to leverage Nestor’s deep technical expertise.
The deal will also enable Clearfield to extend the available supply of FieldShield fiber into the North American market. Clearfield expects to open optical fiber production in its Mexico facility and begin production of optical cable in North America in early calendar year 2023.