Abu Dhabi-based Taqa has finalized a $1.2 billion agreement to acquire 100% of GS Inima from GS Engineering & Construction. Headquartered in Madrid, GS Inima specializes in water treatment and desalination and operates about 50 projects, including 30 long-term public-private partnerships. With a presence in 10 countries such as the US, Brazil, Mexico, and Oman, the acquisition gives Taqa immediate access to high-growth markets across Europe, the Americas, and Asia.
Group CEO Jasim Husain Thabet said the deal will “accelerate our ambition to become a leading international water player,” reinforcing Taqa’s commitment to building a world-class integrated water platform.
Financial Strength and Market Impact
GS Inima generated revenues of €389 million and an EBITDA of €106 million in 2024, supported by long-term concession agreements that include inflation adjustments for stable cash flow. Taqa expects the acquisition to add strongly to EBITDA upon closing.
This latest move follows Taqa’s acquisition of Sustainable Water Solutions Holding last year, further broadening its wastewater and recycled water capabilities under the Taqa Water Solutions brand.
