Abu Dhabi - Mubasher: Abu Dhabi National Energy Company (TAQA) has signed an agreement to fully acquire GS Inima, a global leader in water treatment and water desalination, from GS Engineering and Construction.

Under the transaction, valued at nearly $1.20 billion, TAQA will take over GS Inima, accelerating its global water growth strategy, according to a press release.

The acquisition marks a pivotal step in the group’s strategy to establish an integrated global water platform.

Headquartered in Madrid, GS Inima operates around 50 active projects, including approximately 30 long-term public-private partnerships (PPPs), across a portfolio spanning water desalination and water treatment, including industrial water and wastewater treatment technologies.

It operates in ten countries, including Spain, Brazil, Mexico, the US, and Oman. Hence, the company will provide TAQA with access to high-growth markets across Europe, Latin America, and Asia, reinforcing its position as a leading international utility.

By integrating GS Inima’s capabilities, the ADX-listed company will strengthen its position as a global low-carbon water champion, with end-to-end expertise across development, engineering, procurement and construction management (EPCm), and operations and maintenance (O&M).

The acquisition will immediately add approximately 171 million imperial gallons per day (MIGD) of desalination capacity to TAQA’s 1,250 MIGD portfolio. This will enable the group to advance its goal to source two-thirds of its water desalination capacity from energy-efficient reverse osmosis (RO) technology by 2030 through the addition of RO plants.

GS Inima's integrated offering across the water value chain will contribute an additional 1.20 million cubic meters per day of drinking water capacity and 2.60 million cubic meters daily of wastewater and industrial water treatment capacity to TAQA's global water platform, as well as a water management business serving 1.30 million inhabitants.

GS Inima is expected to contribute to TAQA’s financial performance, with strong additions to EBITDA upon closing.

In 2024, the company generated annual revenue of approximately EUR 389 million and EBITDA valued at EUR 106 million, boosting the quality and scale of earnings that TAQA expects to add to its portfolio.

The integration reinforces TAQA’s ability to expand smart water infrastructure and backs the group’s broader strategy of scaling operational capabilities through a combination of project wins and targeted acquisitions.

Meanwhile, the acquisition is subject to regulatory approvals and other closing conditions, customary for a transaction of this nature and is expected to close in 2026.

Jasim Husain Thabet, TAQA’s Group CEO and Managing Director, said: “Together, we will accelerate our ambition to become a leading international water player, expanding our reach and capabilities across strategic growth markets in the Middle East, Europe, and the Americas, while delivering innovative, low-carbon water solutions to communities around the world.”

Internationally, TAQA has committed to large-scale infrastructure projects that advance long-term water security, including several development projects in Morocco and Uzbekistan.

These initiatives fostered TAQA’s commitment to enabling long-term water security in high-priority markets, while also expanding its global footprint.

TAQA recently obtained an AED 8.50 billion corporate term loan facility to bolster its balance sheet and support long-term growth.

As for its financial position, the group logged net profits after tax valued at AED 3.93 billion at the end of June 2025.