Clearfield (CLFD) has acquired a portfolio of Telcordia certified outdoor powered cabinet products from Calix (CALX) for a total consideration of $10.35M 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. 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 expects its outside powered cabinet line to add approximately $6M in incremental revenue to the company's expected fiscal 2018 results and to generate at least $10M in incremental revenue on an annual basis. Clearfield management will provide additional comments and details regarding the acquisition, including updated full year guidance in the Company's fiscal second quarter 2018 earnings call in April 2018.
