# Clearfield Inc. acquires Nestor Cables

US-based Clearfield Inc. has agreed to acquire the entire share capital of Nestor Cables Oy for approximately USD 22 million. The transaction is expected to close during the early part of the third quarter of 2022.

- Type: Acquisition
- Announced: 2022-05-17
- Where: Finland
- Value: $22.0M
- Status: announced
- Products: cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Clearfield Inc.](https://endata.com/companies/62898.md) (acquirer)
- [Nestor Cables Oy](https://endata.com/companies/62899.md) (target)
- [Reka Industrial Oyj](https://endata.com/companies/62900.md) (partner)

## Sources

- [sttinfo.fi](https://www.sttinfo.fi/announcement/2130?lang=en&publisherId=69817735), 2022-05-17: "The total value of the arrangement is approximately USD 22 million, including the restructuring of Nestor Cables' financing."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.