The acquisition is expected to further strengthen the expansion of the Hyperco brand by providing significant growth capital to deliver significant future capacity in the Nordic countries.
EDGNEX Data Centers by DAMAC, the digital infrastructure arm of Dubai-based DAMAC Group, has officially acquired Hyperco, a Finnish data center company. This strategic move aligns with EDGNEX’s mission to deliver next-generation, sustainable digital infrastructure on a global scale. The acquisition reinforces DAMAC Group’s expansion in Europe, contributing to the region’s evolving data center landscape while fostering job creation and economic growth.
Hyperco operates primarily in Finland and Sweden, capitalizing on the Nordic region’s abundant renewable energy, established digital ecosystems, and high connectivity. The company’s three co-founders, along with their existing team, will remain at the helm, driving Hyperco’s next phase of expansion and innovation.
Hussain Sajwani, Founder of DAMAC Group, stated: “This acquisition aligns with our vision of developing strong partnerships, investing in and building 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 develop significant future capacity in the Nordics and consolidate our market presence.”
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Aleksi Taipale, Co-Founder and CEO of Hyperco, added: “This marks an exciting new chapter for Hyperco. Collaborating with EDGNEX and DAMAC Group allows us to accelerate our mission to deliver sustainable, hyperscale data center infrastructure tailored for hyperscalers and AI-driven workloads. With our established presence in Finland and Sweden, access to low-carbon energy, and a focus on scalability, we are well positioned to meet the growing digital demands of the region and beyond.”
Since its inception in 2021, EDGNEX has rapidly expanded its global footprint. With a team of over 100 industry professionals, the company aims to deliver 55 MW of capacity in the Middle East by 2025, with a projected global capacity surpassing 3,000 MW. By 2026, EDGNEX expects to achieve over 300 MW of operational capacity, backed by a robust $3 billion investment portfolio targeting key markets in Southeast Asia.
