Damac's EDGNEX buys Finnish data centre company
EDGNEX Data Centres, part of leading Dubai real estate developer Damac, acquired Finland-founded data centre company Hyperco, expanding its reach across Europe.
The financial details of the deal, however, were not disclosed.
Hyperco's operations are focused on Finland and Sweden, leveraging the Nordic region's sustainable energy resources, mature digital ecosystems, and high connectivity.
Damac acquires Finnish data firm
The three Hyperco founders and the existing team will continue to manage the company, EDGNEX said.
'We plan to build a significant future capacity in the Nordics and establish a strong foothold in the market,' said Hussain Sajwani, Founder of DAMAC Group.
Aleksi Taipale, Co-founder and CEO, Hyperco, said the company is well-positioned to meet the growing digital demands of the region and beyond, given its access to low-carbon energy and focus on scalability.
EDGNEX is on track to deliver 55 MW in the Middle East by 2025, with a projected global capacity exceeding 3,000 MW.
The company is targeting over 300 MW of operational capacity by 2026, supported by a robust investment pipeline of over $3bn, including key Southeast Asian markets.
Its European activities include a €150m ($162m) joint venture in Greece with Public Power Corporation to develop up to 25 MW and a €400m ($432m) commitment to build a 40 MW data centre in Madrid, Spain.
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