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Energy industries

TAQA Acquires GS Inima in $1.2 Billion Deal, Accelerating International Water Growth Strategy

Strategic Insights

— 1 min read

The Abu Dhabi National Energy Company (TAQA) has acquired a 100% interest in GS Inima, a global leader in water treatment and desalination, for approximately $1.2 billion. The acquisition marks a pivotal step in TAQA's strategy to establish a world-class, integrated global water platform. GS Inima operates approximately 50 active projects across a portfolio spanning water desalination and treatment, with a presence in 10 countries. The acquisition will add approximately 171 million imperial gallons per day (MIGD) of desalination capacity to TAQA's 1,250 MIGD portfolio, and contribute an additional 1.2 million cubic meters per day (264 MIGD) of drinking water capacity and 2.6 million cubic meters per day (572 MIGD) of wastewater and industrial water treatment capacity to TAQA's global water platform.

Key Takeaways:

  • The acquisition of GS Inima is valued at approximately $1.2 billion and marks a pivotal step in TAQA's strategy to establish a world-class, integrated global water platform.
  • GS Inima operates approximately 50 active projects across a portfolio spanning water desalination and treatment, with a presence in 10 countries.
  • The acquisition will add approximately 171 million imperial gallons per day (MIGD) of desalination capacity to TAQA's 1,250 MIGD portfolio.
  • GS Inima's integrated offering across the water value chain will contribute an additional 1.2 million cubic meters per day (264 MIGD) of drinking water capacity and 2.6 million cubic meters per day (572 MIGD) of wastewater and industrial water treatment capacity to TAQA's global water platform.
  • The majority of GS Inima's portfolio operates under long-term concession agreements with inflation-adjustment mechanisms, offering stable and predictable cash flows.
  • The acquisition is expected to contribute to TAQA's financial performance, with strong additions to EBITDA upon closing.
  • In 2024, GS Inima generated annual revenue of approximately EUR 389 million and EBITDA of EUR 106 million.

Statistics:

  • Acquisition value: $1.2 billion
  • Active projects: 50
  • Countries with presence: 10
  • Desalination capacity: 1,250 MIGD (TAQA), +171 MIGD (GS Inima)
  • Drinking water capacity: 1.2 million cubic meters per day (264 MIGD)
  • Wastewater and industrial water treatment capacity: 2.6 million cubic meters per day (572 MIGD)
  • Annual revenue (2024): EUR 389 million
  • EBITDA (2024): EUR 106 million

Sources:

  • TradeArabia News Service
  • Al Hilal Publishing and Marketing Group
  • Copyright 2025 Al Hilal Publishing and Marketing Group

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