NMDC Infra, a wholly owned subsidiary of NMDC Group, a global leader in engineering, procurement, construction and marine dredging, has signed a strategic acquisition agreement aimed at creating a leading global player in the water sector.
According to the agreement, NMDC Infra will acquire a 51 percent stake in Lantania Aguas, the Grupo Lantania subsidiary specialising in desalination, water treatment and purification, while the Spanish group will retain the remaining 49 percent.
Upon completion of the transaction, subject to customary regulatory approvals, the company will be rebranded Lantania NMDC Water and retain its current management team.
Amid growing global water scarcity, both companies have joined forces to strengthen their shared commitment to delivering effective water solutions that address critical community needs worldwide.
Lantania NMDC Water will merge NMDC’s commercial and technical capabilities with Lantania’s expertise in desalination, wastewater treatment and water reuse, as well as large-scale industrial project experience, creating a leading global water infrastructure operator.
The newly branded company will employ over 300 professionals and carry a project backlog of more than $544.6 million (AED 2 billion), providing a strong foundation for growth.
Under a joint management structure, the business aims to enhance its technological, financial and operational capacity while expanding its presence across strategic markets including the Middle East, North Africa, Southeast Asia, South Asia, Europe and Latin America.
Eng. Yasser Zaghloul Group CEO – NMDC Group
“This acquisition by NMDC Infra marks NMDC Group’s first entry to the European market as we are set to export UAE-grown capabilities and scale to complement Lantania’s proven expertise. It also aligns with our strategy of expanding and diversifying NMDC Infra’s portfolio offering across many of the world’s most dynamic industries and markets. NMDC Group has long recognized the global challenges posed to water, and through Lantania NMDC Water, we affirm our commitment to harness innovation and advanced solutions to a more sustainable future.”
Federico Ávila, Chairman and CEO of the Lantania Group, said that, “This alliance marks a milestone in the history of our company and a turning point for Lantania Aguas. NMDC Group’s technical and commercial strength, combined with Lantania’s engineering capabilities and experience in this market, will enable us to jointly undertake major projects and establish a global benchmark in sustainable water solutions. We share the same vision, focused on promoting innovation, energy efficiency, and sustainability in each of our projects, contributing in a tangible way to global water security.”
NMDC Group reaffirmed its commitment to its growth strategy, with the acquisition marking its first business entry into Europe and expanding NMDC Infra’s services to include water desalination and wastewater EPC, supporting the Group’s wider diversification across its verticals.
