On 19 January 2026, Abu Dhabi-listed National Marine Dredging Company—signed an agreement to acquire a 51% stake in Lantania Aguas, Spain, with Lantania retaining 49%, for an undisclosed value. The combined platform—rebranded Lantania NMDC Water—will serve as a growth vehicle across the Middle East, North Africa, Southeast Asia, Europe, and Latin America.
Lantania Aguas brings over 300 water professionals and a project backlog exceeding €500 million, with an additional disclosed €450 million backlog tied to its desalination portfolio. The broader Grupo Lantania reports a backlog exceeding €1 billion, operations in 16 countries, and 1,400+ employees.
Strategically, NMDC is acquiring ready-made desalination and reuse engineering and construction capabilities with Saudi credentials and an established reference base spanning municipal and industrial water treatment. More broadly, the deal signals GCC-region players leveraging balance-sheet strength to acquire water capabilities overseas—accelerating international expansion.
