EDGNEX Data Centers by DAMAC, the digital infrastructure platform of Dubai-based DAMAC Group, has confirmed the acquisition of Hyperco, a Finnish data center company. In line with its vision to deliver next-generation, sustainable digital infrastructure globally, this transaction underscores the Group’s commitment to strengthening its presence in the European market and contributing to the evolving data center landscape in the region, creating new jobs and promoting economic development.
Hyperco’s operations are focused on Finland and Sweden, leveraging the Nordic region’s sustainable energy resources, established digital ecosystems, and high connectivity. Hyperco’s three founders, along with the team, will continue to drive the company through its next phase of growth.
Hussain Sajwani , Founder of DAMAC Group commented: “This acquisition aligns with our vision of developing strong partnerships, investing in and building scalable, world-class digital infrastructure. Hyperco brings a great team, deep market expertise and a shared commitment to innovation, which will drive our success in the region. We plan to develop significant future capacity in the Nordics and consolidate our market presence.”
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Aleksi Taipale , Co-Founder and CEO of Hyperco added : “This marks an exciting new chapter for Hyperco. Collaborating with EDGNEX and DAMAC Group allows us to accelerate our mission to deliver sustainable, hyperscale data center infrastructure tailored for hyperscalers and AI-driven workloads. With our established presence in Finland and Sweden, access to low-carbon energy, and a focus on scalability, we are well positioned to meet the growing digital demands of the region and beyond.”
Since its launch in 2021, EDGNEX has consolidated its global presence. Backed by over 100 experienced professionals, the company plans to deliver 55 MW in the Middle East by 2025, with a projected global capacity exceeding 3,000 MW. EDGNEX aims to reach over 300 MW of operational capacity by 2026, thanks to a robust investment portfolio of over $3 billion, including key markets in Southeast Asia.
EDGNEX’s recent European activities include a €150 million joint venture in Greece with Public Power Corporation (PPC) to develop up to 25 MW and a €400 million commitment to build a 40 MW data center in Madrid , Spain. Earlier this year, EDGNEX also announced a $20 billion foreign investment to build state-of-the-art data centers in the U.S.
Source: PRNewswire