EDGNEX Data Centers by DAMAC, the digital infrastructure arm of Dubai-based DAMAC Group, has acquired Finnish data center company Hyperco, marking a significant move to strengthen its presence in the European market. The acquisition would align with EDGNEX’s broader vision of developing scalable, sustainable digital infrastructure globally, while supporting economic growth and job creation in the region.
Hyperco, founded in Finland and active in both Finland and Sweden, has built its operations around the Nordic region’s competitive advantages, including strong digital ecosystems, reliable connectivity, and abundant low-carbon energy resources. These factors have made the Nordics an increasingly attractive destination for hyperscalers and enterprises seeking environmentally sustainable infrastructure to support cloud computing and AI-driven workloads.
The leadership team at Hyperco, including its three co-founders, will continue to steer the company through its next growth phase. Aleksi Taipale, CEO and co-founder of Hyperco, said the partnership with EDGNEX and DAMAC Group opens new opportunities for expansion. “This is an exciting new chapter for Hyperco. Our mission to deliver large-scale, sustainable data center infrastructure for hyperscale and AI workloads can accelerate with the backing of EDGNEX and DAMAC. Our strong presence in Finland and Sweden, combined with our scalability and access to low-carbon energy, positions us to meet growing regional and international digital demands.”
DAMAC Group founder Hussain Sajwani emphasized the strategic value of the acquisition. “This purchase supports our commitment to building robust partnerships, making long-term investments, and delivering world-class digital infrastructure. Hyperco brings a strong team, deep market expertise, and a shared focus on innovation. With their help, we aim to establish a strong market position in the Nordics and significantly expand capacity.”
Global Capacity Exceeding 3,000 MW
Since launching in 2021, EDGNEX has pursued an aggressive global expansion strategy. The company is on track to deliver 55 MW of data center capacity in the Middle East by 2025, and projects a total global capacity exceeding 3,000 MW. EDGNEX’s roadmap includes more than $3 billion in investments, with a goal of reaching 300 MW in operational capacity by 2026.
In Europe, EDGNEX recently committed €400 million to develop a 40 MW facility in Madrid, Spain, and announced a €150 million joint venture with Greece’s Public Power Corporation to deliver up to 25 MW of capacity. The company also revealed plans to invest $20 billion internationally to develop advanced data center infrastructure in the United States, further demonstrating its ambitions to become a global leader in digital infrastructure.
