EDGNEX Data Centers Expands European Presence with Hyperco Acquisition
Deal News | Apr 01, 2025 | PR Newswire Cision EDGNEX Data Centres By Damac
EDGNEX Data Centers by DAMAC, the digital infrastructure arm of Dubai's DAMAC Group, has confirmed its acquisition of Hyperco, a Finnish data center company, marking a significant step in its European and global expansion strategy. Hyperco's founders and team will continue with the next growth phase. The acquisition aims to bolster the Hyperco brand and drive the creation of new capacities in the Nordics. Hussain Sajwani, founder of DAMAC Group, noted that this move aligns with the group's vision for fostering partnerships and building scalable digital infrastructure. Hyperco, with expertise in sustainable energy resources and established presence in Finland and Sweden, complements EDGNEX's goals. EDGNEX’s operations span globally, with short and long-term plans to increase their capacity to 3,000 MW. Recent European projects include a €150 million joint venture in Greece and a €400 million data center construction in Madrid, alongside a $20 billion data center investment plan in the USA.
Sectors
- Digital Infrastructure
- Information Technology
- Renewable Energy
Geography
- United Arab Emirates – EDGNEX and DAMAC Group are based in Dubai, UAE, indicating the origin of the acquirer.
- Finland – Hyperco is founded in Finland, marking the geography of the target company.
- Sweden – Hyperco operates in Sweden, further indicating the Nordic focus of the expansion.
- Europe – The acquisition is part of a wider European expansion strategy by EDGNEX.
Industry
- Digital Infrastructure – The article discusses EDGNEX's strategic expansion in digital infrastructure through data center acquisition.
- Information Technology – Hyperco's operations focus on data centers, leveraging IT solutions for scalability and sustainability.
- Renewable Energy – Hyperco utilizes sustainable energy sources in the Nordics, emphasizing a growing trend in eco-friendly digital solutions.
Financials
- 20 billion USD – Investment for building advanced data centers in the USA.
- 150 million EUR – Joint venture investment in Greece by EDGNEX.
- 400 million EUR – Planned construction of a data center in Madrid, Spain.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EDGNEX Data Centers by DAMAC | Bidding Company | Company | The acquiring company, a digital infrastructure platform of DAMAC Group in Dubai. |
| DAMAC Group | Parent Company | Company | Parent company of EDGNEX, engaging in real estate development and investment. |
| Hyperco | Target Company | Company | A Finnish-based digital infrastructure and data center company. |
| Hussain Sajwani | Founder of DAMAC Group | Person | He articulated the strategic vision behind the acquisition. |
| Aleksi Taipale | Co-founder and CEO of Hyperco | Person | Highlighting the significance of the acquisition for Hyperco. |