M&A Deal Summary

TAQA Group Acquires GS Inima

On August 25, 2025, TAQA Group acquired engineering company GS Inima from GS Engineering & Construction for 1.2B USD

Acquisition Highlights
  • This is TAQA Group’s 1st transaction in the Engineering sector.
  • This is TAQA Group’s largest (disclosed) transaction.
  • This is TAQA Group’s 1st transaction in Spain.

M&A Deal Summary

Date 2025-08-25
Target GS Inima
Sector Engineering
Buyer(s) TAQA Group
Sellers(s) GS Engineering & Construction
Deal Type Divestiture
Deal Value 1.2B USD

Target

GS Inima

Madrid, Spain
GS Inima is an engineering and services company that designs, builds, finances, and operates water treatment and desalination facilities. GS Inima is based in Madrid, Spain.

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Buyer(S) 1

Buyer

TAQA Group

Abu Dhabi, United Arab Emirates

Category Company
Founded 2005
Sector Oil/Gas Exploration
DESCRIPTION

TAQA Group is a diversified utilities and energy group with significant power and water generation, transmission, and distribution assets, as well as upstream and midstream oil and gas operations. TAQA Group was founded in 2005 and is headquartered in Abu Dhabi, UAE.


DEAL STATS #
Overall 4 of 4
Sector: Engineering M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Spain M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Al Mansoori

Abu Dhabi, United Arab Emirates

Al Mansoori offer all kinds of well intervention solutions, including high rate stimulation, acid fracturing, nitrogen, thru-tubing tools and coiled tubing services. Al Mansoori was founded in 1977 and is based in Abu Dhabi, United Arab Emirates.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-30 Taqa Neyveli Power

Cuddalore, India

Taqa Neyveli Power operates a 250 MW lignite‑based power plant in Neyveli, supplies electricity to the Tamil Nadu state grid, and other customers. Taqa Neyveli Power is based in Cuddalore, India.

Sell Rs9.3B

Seller(S) 1

SELLER

GS Engineering & Construction

Seoul, South Korea

Category Company
Founded 1969
Sector Engineering
Employees3,875
Revenue 12.86T KRW (2024)
DESCRIPTION

GS Engineering & Construction provides on design and analysis services, product development, instrumented field testing, and technology insertion. GS operates through Infra Works, Architectural & Housing Construction, Plant Construction, and Other segments. GS Engineering & Construction was founded in 1969 and is based in Seoul, South Korea.


DEAL STATS #
Overall 1 of 1
Sector: Engineering M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Spain M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-20 Danwood S.A.

Galashiels, United Kingdom

Danwood S.A. is a manufacturer of modern prefabricated houses sold as turnkey properties, which operates in five European countries, including Germany. Danwood was established in 1972 and is based in Galashiels, United Kingdom.

Buy €140M