EDGNEX Expands Nordic Footprint with Hyperco Acquisition for Green Data Growth

Editorial Team

Last updated 2-04-2025

3 min

EDGNEX Data Centers has acquired Finland's Hyperco to expand into the Nordic market.

Hyperco's founders and team will continue to lead, leveraging local expertise and innovation.

The acquisition aligns with DAMAC Group’s strategy for world-class digital infrastructure.

EDGNEX is investing heavily, with plans in the US and Europe to boost data centre capacity.

Their target is to reach 3,000 megawatts in data centre capacity by 2026.

Dubai-based EDGNEX Data Centers, part of the DAMAC Group, has moved into the Nordic market through its acquisition of Finnish data centre business Hyperco. This purchase significantly bolsters its growing presence in Europe.

Hyperco already has a strong operation going in Finland and Sweden, two countries known for robust digital infrastructures, reliable connectivity, and—importantly these days—plentiful renewable energy sources. According to the announcement, Hyperco's three founders and current team will keep running the show, continuing in their leadership roles.

Hussain Sajwani, the man behind DAMAC Group, explained clearly how important this step is for their global strategy. "This acquisition aligns with our vision to build world-class digital infrastructure,” he noted. “Having Hyperco’s expertise and innovation on board will truly drive our success. We’ve got big plans to scale up our operations across the Nordics."

Aleksi Taipale, Hyperco’s CEO, described the acquisition as transformative, highlighting that teaming up with EDGNEX will help speed up Hyperco's growth in developing sustainable, AI-ready data centres—which, right now, are all the rage in tech circles.

EDGNEX has recently been proactive elsewhere too. Over in the US, it committed $20bn towards building a massive 2,000-megawatt data centre portfolio, targeting primarily the Midwest and Sunbelt regions. Right now they're busy securing the necessary land deals and sorting out partnerships with utility providers to kick off their 500MW initial phase.

Closer to home in Europe, they've been equally active, taking notable strides into markets such as Greece—via a €150m joint project—and Madrid, where a €400m data centre facility is planned for completion by 2026. Madrid is rapidly gaining prominence as an attractive alternative to Europe's traditional "FLAPD" data centre hubs—Frankfurt, London, Amsterdam, Paris, and Dublin—thanks to its burgeoning digital economy.

Arageek readers might recall that since EDGNEX started to expand internationally back in 2021, they're already looking towards an ambitious goal of reaching 3,000 megawatts in data centre capacity by 2026, with a tidy $3bn earmarked specifically for major markets worldwide. Current operational facilities include a 10MW data centre operating in Saudi Arabia and a soon-to-open 5MW facility tucked away in Thailand.

It's pretty clear that with moves like acquiring Hyperco, EDGNEX intends to keep the momentum going when it comes to expanding globaly and sustainably.

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