UAE – Mubasher: EDGNEX Data Centers by DAMAC unveiled the takeover of Finland-founded data centre company, Hyperco.
The acquisition contributes to the region's evolving data center landscape, creating new jobs and promoting economic development, according to a press release.
Founder of DAMAC Group, Hussain Sajwani, stated: “Hyperco brings a great team, deep market expertise, and a shared commitment to innovation, which will drive our success in the region.”
Sajwani noted: "This acquisition aligns with our vision to develop strong partnerships, invest, and build scalable, world-class digital infrastructure.”
The Founder concluded: “We plan to build a significant future capacity in the Nordics and establish a strong foothold in the market.”
Meanwhile, the digital infrastructure platform of the Dubai-headquartered DAMAC Group, elaborated that the acquisition aligns with its vision to deliver next-generation, sustainable digital infrastructure globally.
Being part of the company's ambitious European and global expansion plan, the takeover transaction is expected to strengthen the expansion of the Hyperco brand further by adding significant growth capital to deliver significant future capacity in the Nordics, where its operations are mainly focused on Finland and Sweden.
From his part, Aleksi Taipale, Co-Founder and CEO of Hyperco, said: "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.”
Taipale added: “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 been on track to deliver 55-megawatt (MW) in the Middle East by 2025, with a projected global capacity exceeding 3,000 MW.
EDGNEX is targeting more than 300 MW of operational capacity by 2026, supported by a robust investment pipeline of over $3 billion, including key Southeast Asian markets.
Furthermore, the recent European activities include EUR 150 million joint venture in Greece with Public Power Corporation (PPC) to develop up to 25 MW and a EUR 400 million commitment to build a 40 MW data centre in Spain’s Madrid.
Earlier in 2025, the UAE company announced $20 billion of foreign investment in building state-of-the-art data centres in the US.
