Edgnex Data Centers, part of the main developer of Dubai Real Estate Damac, acquired Hyperco from the Finland Finland Data Centers Company, expanding its reach in Europe.
However, the financial details of the agreement were not revealed.
Hyperco’s operations focus on Finland and Sweden, taking advantage of sustainable energy resources in the Nordic region, mature digital ecosystems and high connectivity.
Damac acquires the Finnish data firm
The three founders of Hyperco 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 position in the market,” said Hussain Sajwani, founder of Damac Group.
Aleksi Taipale, co -founder and CEO of 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 the approach to scalability.
Edgnex is on the way to deliver 55 MW in the Middle East by 2025, with a projected global capacity that excites 3,000 MW.
The company points to more than 300 MW of operational capacity for 2026, backed by a solid investment portfolio or at $ 3 billion, including the key markets of Southeast Asia.
Its European activities include a joint company of € 150 million ($ 162 million) in Greece with public power corporation to develop up to 25 MW and a commitment of € 400 million ($ 432 million) to build a 40 MW data center in Madrid, Spain.
Earlier this year, Edgnex announced $ 20 billion or foreign investments in the construction of latest generation data centers in the United States.
