TAQA strikes definitive agreement to acquire SWS Holding

TAQA strikes definitive agreement to acquire SWS Holding

Rep. Image | Courtesy: TAQA



Abu Dhabi National Energy Company (TAQA) has entered into a definitive agreement to acquire all outstanding shares of Sustainable Water Solutions Holding Company (SWS Holding) for $462.91 million (AED1.7 billion).

The establishment of SWS Holding was announced in May 2023 to deliver sustainable water solutions by focusing on resource recovery and water circularity that will benefit industries and communities.

The newly created SWS Holding took ownership of Abu Dhabi Sustainable Water Solutions Company (ADSWS), formerly known as Abu Dhabi Sewerage Services Company (ADSSC), the main entity behind all wastewater collection, treatment, and reuse in the Emirate of Abu Dhabi.

Jasim Husain ThabetGroup CEO & MDTAQA

“This transaction is a logical extension of our regulated asset base into wastewater networks and treatment, which in Abu Dhabi is subject to the same structure of regulation and the same principles as our existing power and water transmission and distribution business. The new business will substantially boost our regulated asset base and stable long-term earnings. The efficient management of water will play a key role in enabling the UAE to reduce greenhouse gas emissions. By bringing the management of recycled water together with TAQA’s water desalination activity and our recycled water network,