DAMAC Acquires Hyperco to Boost Nordic Data Centre Capacity
By acquiring Finland-founded data centre company Hyperco, EDGNEX Data Centers by DAMAC hopes to strengthen its presence in the European data centre market.
The acquisition is expected to further strengthen the expansion of the Hyperco brand by adding significant growth capital to provide significant future capacity in the Nordics. As the data centre industry across Europe continues to grow, the digital infrastructure arm of DAMAC Group seeks to create new jobs and promote economic development across the region.
The company also remains eager to deliver on its vision, which is to supply next-generation digital infrastructure that is sustainable.
“This acquisition aligns with our vision to develop strong partnerships, invest and build scalable, world-class digital infrastructure,” shares Hussain Sajwani, Founder of DAMAC Group.
“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.”
READ OUR EXCLUSIVE INTERVIEW WITH DAMAC GROUP’S TARUN TYAGI ABOUT THE COMPANY'S EUROPEAN EXPANSION PLANS HERE
Building a data centre stronghold in Europe
Since it first launched in 2021, EDGNEX has successfully boosted its global presence and is now backed by more than 100 professionals.
Currently, the company is on track to deliver 55 MW in the Middle East by the end of 2025, with its projected global capacity exceeding 3,000 MW. To expand this further, EDGNEX is targeting more than 300 MW of operational capacity by 2026, which is supported by an investment pipeline of more than US$3bn. This includes critical Southeast Asian markets.
EDGNEX has been rapidly expanding its services across Europe, including a €150 million (US$161.79m) joint venture in Greece with Public Power Corporation (PPC) to develop up to 25 MW.
Likewise, it made a 40MW data centre investment in Spain earlier in the year to boost AI and HPC capabilities. The company is eager to boost Madrid’s data centre capacity and allow hyperscalers and enterprise clients to expand their availability zones.
Hyperco’s operations are focused on key Nordic markets in Finland and Sweden at present and hope to leverage 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 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,” says Aleksi Taipale, Co-founder and CEO of Hyperco.
“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.”
Facilitating data centre leadership
Further afield, DAMAC Group started 2025 with a critical data centre investment in the US, supporting US President Donald Trump with his AI development plan.
This was a strategic investment for the Group and marked its first entry into the US data centre market. US$20bn was pledged specifically to build data centres across the US, as EDGNEX plans to deliver 2GW capacity over the next four years.
EDGNEX has also announced potential plans of doubling this investment on the basis of future demand, market opportunity and scalability.
With Trump’s enthusiasm for growth, more investments of this scale are expected. Yet, with US tariffs the subject of much debate, it remains to be seen how the global markets will respond.
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