US EditionTaqa’s $1.2bn Purchase of Spanish Water Company to 'Significantly Accelerate' Global Expansion
The $1.2 billion acquisition will add 171 million imperial gallons daily of desalination capacity to Taqa's portfolio, expanding operations to 10 countries and boosting low-carbon water solutions.
- On August 25, 2025, Abu Dhabi National Energy Company PJSC signed an agreement to acquire a 100% interest in GS Inima for approximately $1.2 billion.
- TAQA has been pursuing overseas deals to expand its footprint, building on its 2024 water portfolio growth, and the acquisition aligns with Jasim Thabet's strategy to grow the water business.
- The acquisition immediately increases TAQA’s desalination capacity by 171 MIGD and GS Inima’s 2024 financials show EUR 389 million revenue and EUR 106 million EBITDA.
- The acquisition provides TAQA immediate access to operations in ten countries, including Spain and the United States, with about 50 active projects; the transaction requires regulatory approvals and is expected to close in 2026.
- The acquisition advances TAQA’s RO and low-carbon desalination target for 2030, supporting its goal to source two-thirds capacity from reverse osmosis technology; Jasim Thabet said, `So it aligns very well with our ambition to be a low-carbon water and electricity company`.
14 Articles
14 Articles
Abu Dhabi’s TAQA inks $1.2B deal for Spanish water company
Abu Dhabi’s TAQA agreed to buy Spanish water treatment company GS Inima for $1.2 billion as the emirate’s government-backed firms accelerate a global acquisition spree in search of scale. GS Inima will boost TAQA’s desalination capacity by about 14% and will bring the firm closer to its goal of treating more water through reverse osmosis, which uses less energy than conventional methods.The deal is the latest in a string of expansions by the Abu…
Abu Dhabi National Energy (also known as Taqa) is up in the fight for GS Inima, the Spanish company specializing in water desalination projects, for about 1.2 billion dollars (about 1 billion euros). According to the company itself and reports Bloomberg, the transaction is expected to close in 2026 and is subject to regulatory approval and other conditions. According to the agreement, GS Engineering & Construction will sell all its stake in GS I…
Abu Dhabi National Energy (better known as Taqa) has finally entered Spain with the purchase of GS Inima, a former water management subsidiary of OHL that created the Villar Mir Group. The company specialized in water desalination projects currently in the hands of the Korean GS has been sold for about 1.2 billion dollars (about 1 billion euros). The operation was being negotiated for almost a year and already at the beginning of this 2025 the S…
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