EDGNEX Data Centers Expands with Finnish Hyperco Acquisition
Deal News | Mar 31, 2025 | PR Newswire Cision EDGNEX Data Centres By Damac
EDGNEX Data Centers by DAMAC, based in Dubai, has announced the acquisition of Finnish data center developer Hyperco. This strategic move aligns with DAMAC Group's goal to establish a leading presence in the European and global digital infrastructure market. Hyperco, which operates in Finland and Sweden, contributes to the ambition of delivering sustainable data center solutions using the region's renewable energy and digital ecosystems. The acquisition aims to empower Hyperco's growth, boosting the availability of future capacity in the Nordic region. EDGNEX's CEO, Hussain Sajwani, emphasized the acquisition's role in enhancing scalable and innovative solutions, while Hyperco's CEO, Aleksi Taipale, highlighted the opportunity to accelerate their data center mission for hyperscale and AI-driven workloads. EDGNEX aims to deliver 3,000 MW globally by 2025, supported by investments of over $3 billion, including commitments in Southeast Asia and recent European ventures in Greece and Spain. This acquisition reinforces their commitment to pioneering global data center innovation.
Sectors
- Digital Infrastructure
- Renewable Energy
- Private Equity
Geography
- United Arab Emirates – EDGNEX Data Centers by DAMAC is based in Dubai, making the UAE relevant to the company's operations and strategic decisions.
- Finland – Hyperco, the target of the acquisition, is based in Finland, making it a focal geography in the announced transaction.
- Sweden – Hyperco operates in Sweden as well, which is a critical part of their data center operations and expansion.
- Nordic Region – The acquisition by EDGNEX is aimed at expanding their presence in the Nordic region, known for its digital ecosystems and renewable energy.
- Europe – This acquisition is part of a broader European expansion strategy by EDGNEX, including ventures into Greece and Spain.
Industry
- Digital Infrastructure – The article centers on the acquisition of a data center company, highlighting developments in digital infrastructure necessary for global data services.
- Renewable Energy – Hyperco's operations leverage sustainable energy resources in the Nordic region, connecting the acquisition to the renewable energy sector.
- Private Equity – The participation of EDGNEX Data Centers by DAMAC in acquiring Hyperco highlights investment activities typical within the private equity and investment sectors.
Financials
- $3 billion – The investment backing EDGNEX's global expansion ambitions, supporting projects like the Hyperco acquisition.
- 150 million euros – Joint venture amount in Greece for developing up to 25 MW data capacity.
- 400 million euros – Commitment for building a 40 MW data center in Madrid, Spain.
- 20,000 million dollars – Involved in constructing advanced data centers in the USA.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EDGNEX Data Centers by DAMAC | Bidding Company | Company | A digital infrastructure firm owned by DAMAC Group, based in Dubai, focusing on global data center expansion. |
| Hyperco | Target Company | Company | A Finnish data center company focusing on sustainable and hyper-scale data solutions. |
| DAMAC Group | Parent Company | Company | A conglomerate owning EDGNEX, involved in a variety of global projects including real estate and digital infrastructure. |
| Hussain Sajwani | Commentator | Person | Founder of DAMAC Group, providing insights into the strategic importance of the Hyperco acquisition. |
| Aleksi Taipale | Commentator | Person | Co-founder and CEO of Hyperco, commenting on the acquisition's expansion potential for the company. |