EDGNEX Expands with Nordic Data Firm Acquisition
Deal News | Apr 01, 2025 | PR Newswire Cision EDGNEX Data Centres By Damac
EDGNEX Data Centers, a subsidiary of DAMAC Group based in Dubai, has announced its acquisition of Finnish data center company Hyperco. This move aligns with EDGNEX's strategic plan to expand its digital infrastructure footprint globally and strengthen its market presence in Europe. Hyperco, focusing on sustainable energy and digital ecosystems in Finland and Sweden, sees this partnership as a key opportunity to enhance its capacity and scale operations in the Nordic region. With this acquisition, EDGNEX aims to create significant job opportunities, contribute to economic growth, and build a formidable base in the European data center market. The collaboration highlights a joint commitment to innovation and sustainability in meeting the growing digital demands. Since its inception in 2021, EDGNEX has been expanding rapidly, with plans to deliver extensive data capacity across various global markets, supported by a substantial investment budget.
Sectors
- Data Centers
- Sustainable Energy
Geography
- Finland – The location of Hyperco, the data center company acquired by EDGNEX.
- United Arab Emirates – Location of DAMAC Group and its subsidiary EDGNEX, which is leading the acquisition.
- Sweden – Part of Hyperco's operations and focus area, particularly in leveraging sustainable energy resources.
Industry
- Data Centers – The article centers around the acquisition of Hyperco, a data center company, indicating a focus on digital infrastructure.
- Sustainable Energy – Hyperco's operations leverage sustainable energy sources, highlighting the importance of green energy solutions in the data center industry.
Financials
- 3 billion USD – EDGNEX's investment reserve for expanding data center capacity globally.
- 20 billion USD – Foreign investment announced by EDGNEX for data centers in the United States.
- 400 million EUR – Planned investment by EDGNEX for a 40 MW data center in Madrid, Spain.
- 150 million EUR – Joint venture in Greece to develop up to 25 MW with Public Power Corporation.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EDGNEX Data Centers | Acquirer | Company | A subsidiary of DAMAC Group focused on expanding digital infrastructure globally. |
| Hyperco | Target company | Company | A Finnish data center company focused on sustainable energy and digital ecosystems in Finland and Sweden. |
| DAMAC Group | Parent company | Company | The Dubai-based parent company of EDGNEX, involved in real estate and digital ventures. |
| Hussain Sajwani | Industry figure | Person | Founder of DAMAC Group, driving the strategic acquisition of Hyperco. |
| Aleksi Taipale | Executive | Person | Co-founder and CEO of Hyperco, supporting the acquisition and future strategy. |