NMDC Infra has acquired a 51% stake in Spain's Lantania Aguas, marking its first entry into the European market and expanding its services in the water infrastructure sector.

Target Company Overview

NMDC Infra, a subsidiary of the NMDC Group, has signed an agreement to acquire a 51% stake in Lantania Aguas, a subsidiary of Grupo Lantania based in Spain. Lantania Aguas specializes in desalination, water treatment, and purification projects. Following the acquisition, the company will be rebranded as Lantania NMDC Water and will continue to operate under the current management team. The completion of this acquisition is subject to regulatory approval.

The acquisition aims to leverage Lantania Aguas’ extensive project backlog, which currently exceeds AED 2 billion across various countries. This strategic move marks NMDC’s entry into the European market, aiming to enhance its footprint in the water and wastewater EPC sectors.

Industry Overview in Spain

The water industry in Spain is characterized by advanced technologies and stringent regulations, particularly in the areas of water treatment and management. Spain faces significant challeng