Real estate developer Damac’s data center unit Edgnex acquired Finland-based data center firm Hyperco as part of its ongoing push into the sector, according to a statement. The company operates in Finland and Sweden, and will allow Edgnex to “build a significant future capacity in the Nordics and establish a strong foothold in the market,” the statement said. The company’s three founders will continue to lead the company.

Edgnex has big plans in Europe — and beyond: Elsewhere in Europe, Edgnex allocated USD 100 mn with Vodafone Turkey for a 6 MW data center in Izmir, also set to go online this year, as well as a separate initial USD 150 mn investment for a data center in Sparta, Greece.

Edgnex is on track to deliver 55 MW worth of data center capacity in the Middle East by the end of the year, and a 3 GW capacity globally. It is also targeting more than 300 MW of operational capacity by next year, backed by a USD 3 bn pipeline. The company also plans to invest a whopping USD 20 bn to develop data centers in the US, with plans to build 2 GW of capacity over the next four years.

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