EDGNEX Expands European Presence with Hyperco Acquisition
Deal News | Apr 02, 2025 | Zawya
Damac's EDGNEX Data Centers has acquired Finnish data centre company Hyperco to expand its operations across Europe. Hyperco's operations are entrenched in Finland and Sweden, profiting from the Nordic region's sustainable energy resources and developed digital ecosystems. The founding members and current team of Hyperco will continue its management. Hussain Sajwani, DAMAC Group’s Founder, highlights the strategic importance of increasing capacity in the Nordic region. EDGNEX plans substantial growth worldwide, projecting over 3,000 MW in global capacity. Their European ventures include significant investments in Greece and Spain, alongside a $20 billion foreign investment announcement for the US.
Sectors
- Data Centers
- Real Estate Development
- Sustainable Energy
Geography
- Finland – Hyperco, the target company, is based in Finland.
- Sweden – Hyperco's operations extend to Sweden, utilizing the region's digital infrastructure.
- Dubai – Damac, the parent company of EDGNEX, is headquartered in Dubai.
- Europe – EDGNEX plans to expand its data center operations across Europe, including significant investments in Greece and Spain.
Industry
- Data Centers – The article revolves around the acquisition of Hyperco, a Finnish data center company, by Damac's EDGNEX Data Centers. It highlights investment and expansion plans in the data center industry.
- Real Estate Development – Damac, a Dubai-based real estate developer, is expanding its footprint in the data center sector through its subsidiary EDGNEX Data Centers.
- Sustainable Energy – Hyperco's operations utilize sustainable energy resources in the Nordics, showcasing the relevance of the sustainable energy industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EDGNEX Data Centers | Acquirer | Company | A subsidiary of Damac, focused on developing and operating data centers globally. |
| Hyperco | Target Company | Company | A Finnish data center company with operations in the Nordic region. |
| Damac Group | Parent Company | Company | A prominent real estate developer based in Dubai, and the parent company of EDGNEX. |
| Hussain Sajwani | Founder of DAMAC Group | Person | Founder of DAMAC Group, involved in strategic growth and operations. |
| Aleksi Taipale | CEO of Hyperco | Person | Co-founder and CEO of Hyperco, overseeing company operations post-acquisition. |
| Public Power Corporation | Joint Venture Partner | Company | Partnering with EDGNEX in a joint venture to develop data center capacity in Greece. |