Dubai-based EDGNEX Data Centers by DAMAC has acquired Finnish data centre firm Hyperco, strengthening its European footprint.
Hyperco operates in Finland and Sweden, benefiting from renewable energy, robust digital infrastructure, and high connectivity. Its three co-founders and existing team will continue leading operations.
Expansion in the Nordics
“This acquisition aligns with our vision to build world-class digital infrastructure,” said Hussain Sajwani, founder of DAMAC Group. “Hyperco’s expertise and innovation will drive our success, and we plan to scale significantly in the Nordics.”
Aleksi Taipale, CEO of Hyperco, called it a transformative step. “Partnering with EDGNEX enables us to accelerate sustainable, AI-ready data centre growth.”
EDGNEX recently committed $20bn to develop 2,000MW data centres in the US, focusing on Sunbelt and Midwest states. The first phase includes land acquisition and utility partnerships for 500MW capacity.
EDGNEX is also investing in Europe, with a EUR150m joint venture in Greece and a EUR400m Madrid data centre set for 2026. Madrid’s rising data centre market strengthens its position beyond FLAPD hubs.
Since 2021, EDGNEX has expanded globally, targeting 3,000MW capacity by 2026, with $3bn earmarked for key markets. Its operational sites include a 10MW facility in Saudi Arabia and an upcoming 5MW site in Thailand.
