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NMDC Infra, a completely owned subsidiary of Abu Dhabi-based NMDC Group, is buying 51 per cent stake in Spain’s Lantania Aguas. Monetary particulars of the deal weren’t disclosed.
A subsidiary of Grupo Lantania, Lantania Aguas specialises in desalination, water therapy, and purification tasks.
Lantania Aguas will function beneath the brand new title ‘Lantania NMDC Water’, and can retain its present administration staff publish completion of the acquisition, which is topic to customary regulatory approvals.
Lantania Aguas operates throughout all levels of the water cycle, from abstraction, purification and distribution to wastewater therapy and return to the pure atmosphere. It gives options tailor-made to all forms of processes, delivering turnkey (EPC) and BOT tasks, with full capabilities within the design, development, and operation of amenities.
In keeping with the newest International Water Intelligence (GWI) rating, Lantania Aguas ranks fourth worldwide amongst EPC desalination contractors by awarded capability for 2024-2025. Its portfolio consists of main desalination vegetation corresponding to Jubail (600,000 m³/day) and Ras Mohaisen (300,000 m³/day) in Saudi Arabia, amongst others, ensuing to a backlog of EUR450 million ($523.5 million).
Creating a worldwide water chief
Lantania NMDC Water will mix NMDC’s industrial and technical capabilities with Lantania’s expertise, credentials, and experience in desalination, wastewater therapy, and water reuse, in addition to in large-scale industrial tasks, to create a number one world operator in water infrastructure.
The rebranded firm will comprise over 300 professionals, and a present undertaking backlog totaling greater than AED2 billion ($540 million) unfold throughout a number of international locations, a stable basis that helps its development outlook. A joint administration construction will allow the corporate to strengthen its technological, monetary, and operational capability, boosting its presence in strategic world markets.
Yasser Zaghloul, Group CEO, NMDC Group, commented: “This acquisition marks NMDC Group’s first entry to the European market as we’re set to export UAE-grown capabilities and scale to enhance Lantania’s confirmed experience.
“It aligns with our technique of increasing and diversifying NMDC Infra’s portfolio providing throughout most of the world’s most dynamic industries and markets. NMDC Group has lengthy recognised the worldwide challenges posed to water, and thru Lantania NMDC Water, we affirm our dedication to harness innovation and superior options to a extra sustainable future.”
Federico Ávila, Chairman and CEO of the Lantania Group, added: “This alliance marks a milestone within the historical past of our firm and a turning level for Lantania Aguas. NMDC Group’s technical and industrial energy, mixed with Lantania’s engineering capabilities and expertise on this market, will allow us to collectively undertake main tasks and set up a worldwide benchmark in sustainable water options. We share the identical imaginative and prescient, centered on selling innovation, power effectivity, and sustainability in every of our tasks.”
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