EDGNEX Data Centers by DAMAC Solidifies Strategic Partnership with Nordic Data Center Developer Hyperco
Dubai, UAE – March 31, 2025 /PRNewswire/ – In a significant move that reflects its ambitious global strategy, EDGNEX Data Centers, a subsidiary of DAMAC Group, has announced the acquisition of Hyperco, a revered Finnish data center provider. This partnership is poised to enhance Hyperco’s growth trajectory significantly and bolster EDGNEX's European and global expansion efforts, in alignment with the company’s mission to deliver advanced, sustainable digital infrastructure worldwide.
EDGNEX has established itself as a significant player in the digital infrastructure sector since its inception in 2021. The company’s strategic acquisition of Hyperco is part of a broader vision to reinforce its global footprint while addressing the increasing demand for sustainable and scalable digital solutions.
Hyperco operates primarily in Finland and Sweden, leveraging the Nordic region’s abundant renewable energy resources, solid digital ecosystems, and superior connectivity. With a commitment to sustainability and innovation, Hyperco has carved a niche in the market, and the original founding team will continue to lead the company through its next growth phase.
According to Hussain Sajwani, Founder and Chairman of DAMAC Group, “This acquisition aligns seamlessly with our vision of forging robust partnerships, investing in, and constructing scalable, first-rate digital infrastructure. The team at Hyperco brings extensive market knowledge and a shared commitment to innovation that will drive our success in the region. We intend to develop significant future capacity in the Nordic countries while reinforcing our market presence.”
The responses from stakeholders highlight the mutual benefits anticipated from this collaboration. Aleksi Taipale, Co-Founder and Chief Executive Officer of Hyperco, commented, “This marks a thrilling chapter for Hyperco. Our collaboration with EDGNEX and DAMAC Group enables us to accelerate our mission of delivering sustainable, large-scale data center infrastructure tailored for hyperscalers and AI-driven workloads. With our established presence in Finland and Sweden, coupled with access to low-carbon energy and a focus on scalability, we are poised to meet the burgeoning digital demands of our region and beyond.”
Since its establishment, EDGNEX has rapidly expanded, now backed by a team of over 100 seasoned professionals. The organization aims to deliver 55 megawatts of capacity in the Middle East by 2025, with an ambitious projection exceeding 3,000 megawatts globally. As part of its strategic growth, EDGNEX aspires to achieve over 300 megawatts of operational capacity by 2026, supported by a robust investment portfolio exceeding billion across critical Southeast Asian markets.
Recent European initiatives underscore EDGNEX’s commitment to expansion. These include a €150 million joint venture in Greece with Public Power Corporation (PPC) to develop up to 25 megawatts and a commitment of €400 million to erect a 40-megawatt data center in Madrid, Spain. Earlier this year, EDGNEX also announced a substantial foreign investment of billion aimed at constructing cutting-edge data centers in the United States.
About EDGNEX
EDGNEX operates as a global digital infrastructure company headquartered in Dubai, UAE. As a fully-owned subsidiary of DAMAC Group, it lays the groundwork for local and global innovation, revolutionizing the data center market with unprecedented speed and agility. EDGNEX actively constructs, acquires, or partners to meet the emerging wave of demand for data center services. For further information, visit www.edgnex.com.
With its strategic acquisition of Hyperco, EDGNEX Data Centers not only expands its operational capabilities but also reinforces its commitment to sustainability and innovation within the data center industry. This partnership exemplifies the evolving landscape of the digital infrastructure sector, where companies must adapt and grow to meet evolving technological demands and environmental challenges.
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