Hyperco operates in Finland and Sweden, leveraging the region’s renewable energy sources, mature digital ecosystem, and high connectivity
EDGNEX Data Centers by DAMAC Acquires Hyperco, Expands European Presence
Dubai-based EDGNEX Data Centers by DAMAC, the digital infrastructure arm of DAMAC Group, has acquired Finland-founded data center company Hyperco, strengthening its footprint in the European market.
Expanding in the Nordics with Sustainable Infrastructure
Hyperco operates in Finland and Sweden, leveraging the region’s renewable energy sources, advanced digital ecosystem, and strong connectivity.
The company’s three co-founders and existing team will continue to lead operations, ensuring a seamless transition and future growth.
Building a Scalable Digital Infrastructure
Hussain Sajwani, founder of DAMAC Group, emphasized the strategic value of this acquisition:
"This acquisition aligns with our vision to foster strong partnerships, invest in innovation, and build world-class digital infrastructure. Hyperco brings a skilled team, deep market expertise, and a shared commitment to sustainable growth. We plan to significantly expand capacity in the Nordics and establish a robust presence in the region."
Aleksi Taipale, co-founder and CEO of Hyperco, highlighted the acquisition as a major growth opportunity:
"Joining forces with EDGNEX and DAMAC Group enables us to accelerate our mission of delivering large-scale, sustainable data center infrastructure tailored for hyperscalers and AI-driven workloads. Our presence in Finland and Sweden, combined with access to low-carbon energy and scalability, positions us to meet growing digital demands regionally and globally."
$20 Billion US Expansion for Data Centers
This acquisition follows EDGNEX’s recent expansion into the US market, where it has committed an initial $20 billion investment to develop 2,000MW of data center capacity over the next four years.
Announced in January 2024, this investment could double based on demand, market opportunities, and scalability. EDGNEX’s US strategy targets key Sunbelt states—Texas, Arizona, Oklahoma, and Louisiana—as well as Midwest hubs like Ohio, Illinois, Michigan, and Indiana.
Sajwani previously stated:
"Our entry into the US data center market is a milestone in building a global digital infrastructure platform. Leveraging our expertise in real estate and technology, we aim to provide best-in-class infrastructure to support the next wave of cloud and AI-driven growth."
The initial expansion includes land acquisitions, utility partnerships, and joint ventures, with the first 500MW capacity set across the Sunbelt and Midwest.
Strengthening European Footprint with Madrid Facility
Beyond the Nordics, EDGNEX is actively investing across Europe, including:
- EUR 150M Joint Venture in Greece with Public Power Corporation (PPC) to develop up to 25MW capacity.
- EUR 400M Investment in Madrid, Spain to build a 40MW data center.
The Madrid facility, located on a newly acquired 22,000-square-meter site in Vicalvaro, is set to commence operations by 2026. Madrid is emerging as a key data center market outside traditional FLAPD hubs (Frankfurt, London, Amsterdam, Paris, and Dublin) due to increasing demand for high-quality digital infrastructure.
Global Expansion and Future Growth
Since its launch in 2021, EDGNEX has expanded rapidly, supported by a team of over 100 professionals. Key expansion goals include:
- 55MW in the Middle East by 2025.
- 3,000MW projected global capacity by 2026.
- $3B investment pipeline for Southeast Asian markets.
EDGNEX currently operates a 10MW facility in Saudi Arabia and a 5MW facility in Thailand, set to launch in Q1 2025.
With its aggressive expansion strategy and focus on renewable energy-powered data centers, EDGNEX is positioning itself as a leading player in the global digital infrastructure sector.
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