Eolus, a developer of innovative and customized renewable energy solutions, agreed to acquire YIT Energy, a renewable energy business, from YIT, a development and construction company, for €48m. ”Eolus has over 30 years of experience in developing the renewable energy business. The company has strong experience and excellent capabilities in taking the renewable energy business forward, which is positive both for our partners as well as personnel. Our team has done an excellent job in building the project development portfolio. Eolus can develop the business forward with more extensive resources and support the future growth. I’m pleased that the strategic review of the business has been successfully completed through this transaction. The deal strengthens our financial position and improves our focus on our core businesses,” Tuomas Mäkipeska, YIT CFO.