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Clearfield Acquires Cabinet Product Portfolio From Calix

Total consideration of $10.35 million in cash, in addition to the assumption of related warranty obligations as well as certain purchase commitments

February 21, 2018

2 Min Read

MINNEAPOLIS -- Clearfield, Inc. (NASDAQ: CLFD), the specialist in fiber management and connectivity platforms for communications providers, has acquired a portfolio of Telcordia certified outdoor powered cabinet products from Calix, Inc. (NYSE: CALX) for a total consideration of $10.35 million in cash, in addition to the assumption of related warranty obligations as well as certain purchase commitments. The purchase price was paid with Clearfield’s available cash.

The introduction of the Clearfield powered cabinet line provides customers a single point of contact for cabinet solutions—both passive and powered. The acquisition enables Clearfield to expand its Fiber-to-Anywhere expertise to include powered electronic cabinet platforms while leveraging its supply chain. The acquisition also enables Clearfield to capitalize on and expand its reach to a broader customer base, including service providers in the Tier 1 and Tier 2 markets.

Calix to Resell Clearfield Branded Solution

In connection with the transaction, Calix will resell the new Clearfield-branded powered cabinet products, which include the ODC 100/200 series and the ODC 1000/2000 series of enclosures.

Clearfield Core Market Position Strengthened

“This acquisition and partnership represents a major step in Phase III of our growth strategy, that centers around capturing the broader market opportunity through channel development, strategic alliances, and product line enhancements,” said Cheri Beranek, president and CEO of Clearfield. “In addition to expanding our product line and strengthening our position in our core wireline and wireless markets, we’re also now able to get involved earlier in the sales cycle, since powered cabinets are designed earlier in fiber-to-the-home deployments. More importantly, we’re accelerating our expansion into the Tier 1 market by leveraging Calix’s existing relationships with these larger accounts. Longer term, and as the demand for newer solutions such as NG-PON2 proliferate, this acquisition will help elevate Clearfield’s position in the marketplace as the clear cabinet supplier of choice for both passive and powered configurations.”

Clearfield Inc. (Nasdaq: CLFD)

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