"energy" It acquires a company "GS Inma" To desalinate water worth $ 1.2 billion

Abu Dhabi, August 25/ WAM/ The National Energy National Energy Company announced that it has signed an agreement to acquire all shares in GS Inima, a world leader in water treatment and water desalination, from GS Engineering & Construction.

According to the deal, which is valued at about $ 1.2 billion, the GS Inima will become fully owned by the “Tata” company, as it will contribute significantly to accelerating the group’s efforts towards implementing its strategy for the growth of its water portfolio at the international level.

The acquisition deal is a major step within the “Taqah” strategy to build a global portfolio of integrated water assets, while the headquarters of the GS Inima company is located in Madrid; Where operations are in about 50 existing projects, including about 30 projects according to long -term partnerships between the public and private sectors, within a varied business portfolio that includes water desalination and water treatment “industrial water treatment and wastewater treatment techniques”.

With its presence in ten countries, including Spain, Brazil, Mexico, the United States of America and Oman, this company allows “energy” immediately to enter rapidly growing markets that spread in Europe, Latin America and Asia, which establishes its position as a leading company internationally.

By combining the capabilities of “GS Inima”, “TATA” will greatly enhance its position as a leading global facilities in the field of low carbon water, thanks to its integrated experiences that include development, engineering, purchases, construction management, operation and maintenance.

The deal will immediately add about 171 million gallons of desalinated water daily to the current capacity of “energy” of 1,250 million gallons per day, which speeds up its goal of producing two -thirds of its capacity of localized water by the adequate infrastructure technology in energy consumption, by 2030 by adding the reverse osmosis stations.

The integrated services provided by “GS Inma” through the value chain for the water sector will contribute to adding 1.2 million cubic meters per day “264 million gallons per day” of drinking water, and 2.6 million cubic meters per day “572 million gallons per day” from wastewater and industrial water treatment to the “Taqah” wallet of global water assets, in addition to works in the field of water management that serves 1.3 million people.

GS Inima’s revenues are expected to contribute to the financial performance of “Energy”, with a strong addition to its modified profits before benefits, taxes, consumption and firefighting. In 2024, GS Inima achieved annual revenues of approximately 389 million euros, and its modified profits before benefits, taxes, consumption and firefighting amounted to 106 million euros, which enhances the strength and size of revenues that expected “energy” to be added to its public budget.

Most of the assets of the “GS Inima” portfolio “except for development, engineering, purchasing and construction management projects” under long -term concession agreements that include mechanisms to counter inflation, providing stable and predictable cash flows. In addition, the advanced digital technologies adopted by “GS Inima” and its focus on research and development will contribute to a long -term value, by improving operational efficiency and technical capabilities of the water portfolio in “energy”.

The integration enhances the ability of “energy” to expand the scope of the smart infrastructure of water, and integrates its most comprehensive strategy to increase operational capabilities through an approach that includes a mixture of winning projects and specific acquisitions deals.

Jassim Hussein Thabet, CEO of the group and the managing director of “Taqah”, said that the acquisition deal is a major shift in the “Taqah” growth process and its water strategy; GS Inima brings a full record of operational operations and technical capabilities on a global scale.

He added that work will be done together to accelerate ambition to become a “energy” of an international water company, and expand its presence and capabilities in the strategic growth markets in the Middle East, Europe and the Americas, while providing innovative low carbon water solutions that meet the needs of societies around the world.

The acquisition deal comes to add to the successes achieved by “Taqah” during the past 12 months, during which it took prominent steps to expand its water capabilities locally and internationally, so the local level, and the group expanded its presence in the fields of wastewater and the recycled water by its acquisition of the “Sustainable Water Solutions Holding Solutions”, which is now known as “energy for water solutions”.

On the international level, “Taqah” was committed to implementing major infrastructure projects that enhance water security in the long run, including several development projects in Morocco and Uzbekistan, while these initiatives established the “Taqah” commitment to long -term water security support in priority markets, while expanding its global presence at the same time.

It is noteworthy that the acquisition deal remains subject to the approval of the regulatory authorities, and the conditions for other usual closure in such agreements, and that it is expected to be completed during the year 2026.

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