EDGNEX Confirms Strategic Partnership with Hyperco, Expands Presence in the Nordics
Deal News | Mar 31, 2025 | PR Newswire Cision EDGNEX Data Centres By Damac
EDGNEX Data Centers by DAMAC, a pivotal segment of the Dubai-based DAMAC Group, is expanding its European footprint with the strategic acquisition of Hyperco, a data center enterprise founded in Finland. This acquisition is set within a broader vision to enhance EVGDNEX's global digital infrastructure and aligns with the group's strategy to invest heavily in sustainable and scalable digital solutions. Hyperco, with operations in Finland and Sweden, is a key player in leveraging the Nordic region's sustainable resources and robust connectivity, thus promising further enhancement of the region's digital landscape. The unison with Hyperco is anticipated to drive substantial growth, enabling EDGNEX to meet surging regional and global digital demands efficiently. The acquisition is also in line with an $3 billion investment pipeline, encapsulating various committed projects across Europe, the Middle East, and the USA. This expansion is fueled by a joint venture in Greece, a commitment for a significant project in Madrid, and a massive $20 billion foreign investment in the USA. The acquisition reinforces EDGNEX's strategy of establishing a powerful footing in key digital markets, thus bolstering its market position significantly.
Sectors
- Digital Infrastructure
- Renewable Energy
Geography
- United Arab Emirates – EDGNEX Data Centers by DAMAC is headquartered in Dubai, UAE, making it a central geography in the article.
- Finland – Finland is the founding location of Hyperco and a primary area of operation for the data centers being discussed.
- Sweden – Sweden is part of the operations base for Hyperco, where the company is leveraging the region's digital ecosystem.
- Europe – The strategic expansion of EDGNEX includes various European countries, highlighting the continent-wide scope of their operations.
Industry
- Digital Infrastructure – The article highlights activities related to the development and expansion of data centers, a core component of digital infrastructure, by EDGNEX and Hyperco.
- Renewable Energy – Hyperco leverages the sustainable energy resources of the Nordic region to enhance data center operations, making Renewable Energy a relevant industry classification.
Financials
- $3 billion – EDGNEX's robust investment pipeline projected to support global expansion, including key Southeast Asian markets.
- $20 billion – Foreign investment committed by EDGNEX to build data centers in the USA.
- €150 million – Investment in a joint venture with Public Power Corporation in Greece to develop data center capacity.
- €400 million – Commitment for a project to build a 40 MW data center in Madrid, Spain.
Participants
Name | Role | Type | Description |
---|---|---|---|
EDGNEX Data Centers by DAMAC | Bidding Company/Buyer | Company | A digital infrastructure platform of DAMAC Group focused on expanding its global data center presence. |
Hyperco | Target Company | Company | A data center company founded in Finland, focused on sustainable infrastructure in the Nordics. |
DAMAC Group | Parent Company | Company | The Dubai-headquartered group that owns EDGNEX, involved in real estate and digital infrastructure development. |
Hussain Sajwani | Founder of DAMAC Group | Person | The founder of DAMAC Group, instrumental in the acquisition and expansion strategy of EDGNEX. |
Aleksi Taipale | Co-founder and CEO of Hyperco | Person | Co-founder and CEO of Hyperco, overseeing the company's integration and growth within EDGNEX. |