EQT-backed Solarpack, an international vertically integrated solar PV power plants developer, agreed to acquire Solaer, an alternate energy services firm. Financial terms were not disclosed. "This is a transformational move for Solarpack to lead the consolidation of the sector in Spain and reinforce our position as a sizeable global player with the support of our shareholders”. Regarding Solaer, Mr. Burgos highlighted that “It is a reference player in the industry with a solid track record and a high-quality team. The acquisition brings together two companies tightly aligned and should result in major opportunities to grow, not only in Spain and Italy, but also in other geographies," Pablo Burgos, Solarpack CEO.