Abu Dhabi National Energy Company, commonly known as Taqa, has announced its agreement to acquire Spanish water services provider GS Inima for approximately $1.2 billion. The deal aims to bolster Taqa’s presence in the water infrastructure sector and expand its global water business portfolio.
GS Inima specializes in water and wastewater treatment projects across several countries, and the acquisition is expected to enhance Taqa’s capabilities in delivering sustainable water solutions. The deal aligns with Taqa’s strategic growth plans to diversify its energy and utility services through investments in essential infrastructure.
The transaction is subject to customary closing conditions and regulatory approvals. Industry analysts view the move as a significant step for Taqa in strengthening its position in the water management market, particularly amid increasing demand for resilient water infrastructure worldwide.
Once completed, the acquisition is anticipated to provide Taqa with access to GS Inima’s regional projects and technical expertise, further advancing the company’s objectives of expanding its service offerings and achieving sustainable growth.