Latest news with #EDGNEX
Arabian Business
02-04-2025
- Business
- Arabian Business
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.
Zawya
02-04-2025
- Business
- Zawya
Damac's EDGNEX buys Finnish data centre company
Dubai's real estate developer Damac's EDGNEX Data Centers has acquired Finland-founded data center company Hyperco, expanding its reach across Europe. No financial details were disclosed. Hyperco's operations are focused on Finland and Sweden, leveraging the Nordic region's sustainable energy resources, mature digital ecosystems, and high connectivity. 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 $3 billion, including key Southeast Asian markets. Its European activities include a €150 million joint venture in Greece with Public Power Corporation to develop up to 25 MW and a €400 million commitment to build a 40 MW data centre in Madrid, Spain. Earlier this year, EDGNEX announced $20 billion of foreign investment in building state-of-the-art data centres in the US. (Editing by Seban Scaria
Korea Herald
31-03-2025
- Business
- Korea Herald
EDGNEX Data Centers by DAMAC Confirms Strategic Partnership with Nordic Data Center Developer Hyperco
DUBAI, UAE, April 1, 2025 /PRNewswire/ -- EDGNEX Data Centers by DAMAC, the digital infrastructure platform of the Dubai-headquartered DAMAC Group, has confirmed the acquisition of Finland-founded data center company, Hyperco. Aligned with its vision to deliver next-generation, sustainable digital infrastructure globally, the move underscores the Group's commitment to strengthening its presence in the European market and contributing to the region's evolving data center landscape, creating new jobs and promoting economic development. Hyperco's operations are focused on Finland and Sweden, leveraging the Nordic region's sustainable energy resources, mature digital ecosystems, and high connectivity. All three Hyperco founders, together with the team, will continue to steer the company forward during the next growth phase. Hussain Sajwani, Founder of DAMAC Group said:"This acquisition aligns with our vision to develop strong partnerships, invest, and build scalable, world-class digital infrastructure. Hyperco brings a great team, deep market expertise, and a shared commitment to innovation, which will drive our success in the region. We plan to build a significant future capacity in the Nordics and establish a strong foothold in the market." Aleksi Taipale, Co-founder and CEO of Hyperco adds: "This marks an exciting new chapter for Hyperco. Joining forces with EDGNEX and DAMAC Group empowers us to accelerate our mission of delivering large-scale, sustainable data center infrastructure tailored for hyperscalers and AI-driven workloads. With our established footprint in Finland and Sweden, access to low-carbon energy, and focus on scalability, we are well-positioned to meet the growing digital demands of the region and beyond." Since its launch in 2021, EDGNEX has grown its presence globally. Backed by over 100+ seasoned professionals, the company is on track to deliver 55 MW in the Middle East by 2025, with a projected global capacity exceeding 3,000 MW. EDGNEX is targeting 300+ MW of operational capacity by 2026, supported by a robust investment pipeline of over $3 billion, including key Southeast Asian markets. EDGNEX's recent European activities include a €150 million joint venture in Greece with Public Power Corporation (PPC) to develop up to 25 MW and a €400 million commitment to build a 40 MW data center in Madrid, Spain. Earlier this year, EDGNEX also announced $20 billion of foreign investment in building state-of-the-art data centres in the USA. About EDGNEX
Khaleej Times
31-03-2025
- Business
- Khaleej Times
Dubai: Damac's EDGNEX acquires European data centre firm
EDGNEX Data Centres by Damac, the digital infrastructure platform of the Dubai-headquartered Damac Group, has acquired Finland-founded data centre company, Hyperco. The Dubai-based property giant aims to strengthening its presence in the European market and contributing to the region's evolving data center landscape, creating new jobs and promoting economic development. Damac, however, didn't disclose the value of the acquisition. Earlier this year, Damac Group announced plans to invest $20 billion (Dh73.4 billion) in the US. Hyperco's operations are focused on Finland and Sweden, leveraging the Nordic region's sustainable energy resources, mature digital ecosystems, and high connectivity. All three Hyperco founders, together with the team, will continue to steer the company forward during the next growth phase. 'This acquisition aligns with our vision to develop strong partnerships, invest, and build scalable, world-class digital infrastructure. Hyperco brings a great team, deep market expertise, and a shared commitment to innovation, which will drive our success in the region. 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. 'This marks an exciting new chapter for Hyperco. Joining forces with EDGNEX and Damac Group empowers us to accelerate our mission of delivering large-scale, sustainable data center infrastructure tailored for hyperscalers and AI-driven workloads. With our established footprint in Finland and Sweden, access to low-carbon energy, and focus on scalability, we are well-positioned to meet the growing digital demands of the region and beyond,' said Aleksi Taipale, co-founder and CEO of Hyperco. Since its launch in 2021, EDGNEX has grown its presence globally. Backed by over 100+ seasoned professionals, the company is on track to deliver 55 MW in the Middle East by 2025, with a projected global capacity exceeding 3,000 MW. EDGNEX is targeting more than 300MW of operational capacity by 2026, supported by a robust investment pipeline of over $3 billion, including key Southeast Asian markets. EDGNEX's recent European activities include a €150 million joint venture in Greece with Public Power Corporation (PPC) to develop up to 25 MW and a €400 million commitment to build a 40 MW data center in Madrid, Spain. Earlier this year, EDGNEX also announced $20 billion of foreign investment in building state-of-the-art data centres in the USA.
Gulf Business
31-03-2025
- Business
- Gulf Business
EDGNEX Data Centers by DAMAC eyes Nordic expansion
Image: DAMAC UAE-based EDGNEX Data Centers by DAMAC is reportedly in advanced discussions to acquire data centres across the Nordics, marking another step in its ambitious international expansion. The move is part of the company's strategy to develop up to 1,500MW of next-generation, sustainable digital infrastructure in the region, according to independent sources. If finalised, the deal would strengthen EDGNEX's footprint in Europe, complementing its recently announced Madrid facility and aligning with its broader vision to establish a global platform serving hyperscalers, AI companies, and enterprise clients. Strategic expansion into the Nordics The potential acquisition in the Nordics is in line with EDGNEX's objective to build a sustainable and high-capacity data centre portfolio across key global markets. The region is an attractive location for data centres due to its abundant renewable energy, favourable climate for cooling, and growing demand for digital infrastructure from global technology firms. The expansion would enable US market entry with $20bn investment This development follows The company's US strategy focuses on key Sunbelt states, including Texas, Arizona, Oklahoma, and Louisiana, and the Midwest states such as Ohio, Illinois, Michigan and Indiana. Commenting on the investment at the time, Sajwani said, 'Our foray into the US market in data centres represents a significant milestone in our journey to build a global digital infrastructure platform that will empower businesses today and in the future. Leveraging our expertise in real estate and data centers, we aim to deliver best-in-class infrastructure that supports the next wave of cloud and AI growth.' The first phase of EDGNEX's US expansion includes the acquisition of land banks, partnerships with utilities, and joint ventures to establish an initial capacity of 500MW — one in the Sunbelt and one in the Midwest. Strengthening European presence with Madrid facility EDGNEX has also been expanding its European footprint, acquiring a prime 22,000 square metre site in Madrid for the development of a 40MW data centre in October last year. The facility, located in the Vicalvaro region, is set to commence operations by 2026. Madrid is increasingly becoming a key data centre market outside of the traditional FLAPD hubs (Frankfurt, London, Amsterdam, Paris, and Dublin), driven by strong demand for high-quality digital infrastructure. EDGNEX focused on growing global footprint EDGNEX currently operates in countries such as the UAE, Saudi Arabia, Turkey, Thailand, Malaysia, Indonesia, Greece, Spain and Italy, with a projected capacity of over 1,000MW. The company's existing operational data centres include a 10MW facility in Saudi Arabia and a 5MW facility in Thailand, set to be operational by Q1 2025. By 2026, EDGNEX aims to surpass 300MW of operational capacity globally.
