The TAQA GS Inima acquisition
The TAQA GS Inima acquisition marks a bold chapter for Abu Dhabi’s energy and water giant. Abu Dhabi National Energy Company, better known as TAQA, has finalized a $1.2 billion deal to acquire Spain’s GS Inima from GS Engineering & Construction. This move positions TAQA as a formidable player in global water solutions, signaling a clear strategy for long-term international water growth.
Expanding TAQA’s Global Reach
Through the TAQA GS Inima acquisition, TAQA now controls 50 active projects in 10 countries, spanning Spain, Brazil, Mexico, the United States, and Oman. These include nearly 30 long-term public-private partnerships in desalination, wastewater treatment, and industrial water services. Such projects secure reliable, inflation-linked cash flows while embedding TAQA deeper into international markets.
This acquisition is not just about size it’s about scope. By instantly extending its operations into Europe and the Americas, TAQA takes a decisive step toward becoming a global leader in sustainable utilities.
Boosting Water Capacity and Scale
The deal adds about 171 million imperial gallons per day (MIGD) of desalination capacity to TAQA’s existing 1,250 MIGD. That pushes the company’s total to nearly 1,421 MIGD a powerful expansion of more than 13%.
For Abu Dhabi, which has long relied on water desalination to sustain its population and industry, this boost strengthens both domestic resilience and global influence. The added capacity means TAQA can meet growing demands while positioning itself as a major international water supplier.
A Technology-Driven Advantage
GS Inima’s reputation lies in innovation. The company specializes in energy-efficient reverse osmosis (RO) desalination, digital twin systems, and advanced smart water operations. By acquiring it, TAQA gains access to cutting-edge technologies that align perfectly with its 2030 vision where two-thirds of desalination capacity will transition to low-carbon solutions.
This tech-driven water treatment expansion enhances environmental sustainability and positions TAQA at the forefront of the clean water revolution.
Financial Strength of GS Inima
In 2024, GS Inima generated €389 million in revenue with an EBITDA of €106 million. These strong margins stem from its concession-based model, where long-term contracts ensure consistent cash flow. For TAQA, the financials provide confidence that the acquisition will deliver both immediate returns and future growth.
Coupled with TAQA’s established financial stability, this deal creates a platform for further investments in water and renewable energy ventures worldwide.
Driving International Water Growth
The acquisition strengthens TAQA’s foothold in markets where water scarcity and infrastructure needs are pressing. Latin America, Europe, and the Middle East are all regions where water management is not just a service, but a necessity.
With the TAQA GS Inima acquisition, the company accelerates its international water growth ambitions, aiming to serve millions of people while contributing to global water security.
Jasim Husain Thabet, TAQA’s Group CEO & Managing Director, emphasized that the move supports the ambition “to become a leading international water player.” His words underline how the company views water as both a business opportunity and a responsibility.
Building on Recent Strategic Wins
This is not TAQA’s first major step into water. The company recently acquired Sustainable Water Solutions Holding, now rebranded as TAQA Water Solutions, to expand its wastewater and recycled water portfolio.
The GS Inima deal, however, represents a leap in scale and international visibility. Together, these acquisitions give TAQA a fully integrated water platform, covering desalination, wastewater treatment, and industrial water services all supported by digital innovation.
Global Market Opportunities
The timing of this acquisition is strategic. The global smart water market is expected to grow rapidly, driven by IoT, AI, and increasing demand for efficient water management. Meanwhile, climate change and population growth are pushing governments and industries to seek reliable water solutions.
By combining TAQA’s regional dominance with GS Inima’s international expertise, the company is uniquely positioned to capitalize on this surge. From urban centers in Europe to rapidly developing economies in Latin America, TAQA can deliver reliable water solutions backed by decades of experience.
Investor Confidence and Market Impact
For investors, the TAQA GS Inima acquisition signals a commitment to diversified, sustainable growth. TAQA shares have shown resilience: while slightly down year-to-date, they rose nearly 8% over six months, reflecting confidence in its long-term strategy.
The $1.2 billion purchase underscores TAQA’s ability to leverage its financial strength for strategic expansion. With stable revenues, technological innovation, and a growing global presence, the acquisition is expected to reinforce shareholder value.
What Comes Next?
The transaction still awaits regulatory approvals and is expected to close in 2026. Once finalized, TAQA will operate one of the world’s most comprehensive water portfolios, serving diverse geographies with a mix of desalination, wastewater, and industrial water services.
More importantly, the acquisition aligns TAQA with pressing global priorities: water security, sustainability, and decarbonization. By blending scale with innovation, the company is set to lead the next phase of water treatment expansion worldwide.
A Transformational Game-Changer
In the end, the TAQA GS Inima acquisition is not just a $1.2 billion deal it’s a transformative step that reshapes the global water landscape. It strengthens TAQA’s role as a powerful international utility, boosts desalination capacity, and integrates advanced technologies for sustainable growth.
This acquisition demonstrates how one company from Abu Dhabi is positioning itself to solve one of the world’s most critical challenges: access to clean, affordable water. And with GS Inima now under its wing, TAQA is more than ready to deliver.
