Clearfield acquires outdoor powered cabinet product portfolio

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 USD 10.35 million in cash, in addition to the assumption of related warranty obligations as well as certain purchase commitments, the company said.

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.

Clearfield designs, manufactures and distributes fiber optic management, protection and delivery products for communications networks. Headquartered in Minneapolis, MN, Clearfield deploys more than a million fiber ports each year. For more information, visit www.SeeClearfield.com

Calix is the global provider of the cloud and software platforms, systems and services required to deliver the unified access network and smart premises of tomorrow. For more information, visit the Calix website at www.calix.com.