Edgnex Data Centers by Damac, the digital infrastructure platform of the Dubai-headquartered Damac Group, has confirmed the acquisition of Finland-founded data center company, Hyperco. The move is aimed at strengthening its presence in the Nordics.
Edgnex’s recent European activities include a €150 million joint venture in Greece with Public Power Corporation (PPC) to develop up to 25MW and a €400 million commitment to build a 40MW data center in Madrid, Spain.
Hussain Sajwani, Founder of Dammac Group said, “This acquisition aligns with our vision to develop strong partnerships, invest, and build 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 build a significant future capacity in the Nordics and establish a strong foothold in the market.”
Hyperco’s operations are focused on Finland and Sweden, leveraging the Nordic region’s sustainable energy resources, mature digital ecosystems, and high connectivity. All three Hyperco founders, together with the team, will continue to steer the company forward during the next growth phase.
Aleksi Taipale, Co-founder and CEO of Hyperco said, “This marks an exciting new chapter for Hyperco. Joining forces with EDGNEX and DAMAC Group empowers us to accelerate our mission of delivering large-scale, sustainable data center infrastructure tailored for hyperscalers and AI-driven workloads. With our established footprint in Finland and Sweden, access to low-carbon energy, and focus on scalability, we are well-positioned to meet the growing digital demands of the region and beyond.”
Edgnex aims to deliver 55MW in the Middle East by 2025, with a projected global capacity exceeding 3,000MW. EDGNEX is targeting 300+ MW of operational capacity by 2026, supported by a robust investment pipeline of over US$ 3 billion, including key Southeast Asian markets. Earlier this year, Edgnex also announced a US$ 20 billion investment in building state-of-the-art data centres in the US.
