{"id":102216,"date":"2025-04-02T00:00:00","date_gmt":"2025-04-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/damacs-data-center-unit-acquires-nordic-data-center-developer\/"},"modified":"2025-04-02T00:00:00","modified_gmt":"2025-04-02T00:00:00","slug":"damacs-data-center-unit-acquires-nordic-data-center-developer","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/04\/02\/damacs-data-center-unit-acquires-nordic-data-center-developer\/","title":{"rendered":"Damac\u2019s data center unit acquires Nordic data center developer"},"content":{"rendered":"

Real estate developer Damac\u2019s data center unit Edgnex acquired Finland-based data <\/strong>center firm <\/strong>Hyperco<\/a><\/strong> as part of its ongoing push into the sector, according to a statement<\/a>. The company operates in Finland and Sweden, and will allow Edgnex to \u201cbuild a significant future capacity in the Nordics and establish a strong foothold in the market,\u201d the statement said. The company\u2019s three founders will continue to lead the company.<\/p>\n

Edgnex has big plans in Europe \u2014 and beyond:<\/strong> Elsewhere in Europe, Edgnex allocated USD 100 mn<\/a> 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<\/a> for a data center in Sparta, Greece.<\/p>\n

Edgnex is on track to deliver 55 MW worth of data center capacity in the Middle East<\/b> 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<\/a> to develop data centers in the US, with plans to build 2 GW of capacity over the next four years. <\/p>\n","protected":false},"excerpt":{"rendered":"

The company will build a \u201csignificant future capacity in the Nordics\u201d<\/p>\n","protected":false},"author":1,"featured_media":102217,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[1342,1344,60,98,1341],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-investment","tag-ma","tag-ma-watch","tag-real-estate","tag-tech","wpautop","entry"],"acf":{"mongo_id":"2720f453-c3d6-4ea8-b9bf-b8d51acd6d61","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/237.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Damac\u2019s data center unit acquires Nordic data center developer","related_issue":[102204],"teaser":"The company will build a \u201csignificant future capacity in the Nordics\u201d","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.5419048c-b67a-4da0-a1cd-ecd03623bc2d.mp3"},"yoast_head":"\nDamac\u2019s data center unit acquires Nordic data center developer - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/02\/damacs-data-center-unit-acquires-nordic-data-center-developer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Damac\u2019s data center unit acquires Nordic data center developer\" \/>\n<meta property=\"og:description\" content=\"The company will build a \u201csignificant future capacity in the Nordics\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/02\/damacs-data-center-unit-acquires-nordic-data-center-developer\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-02T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/237.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/02\/damacs-data-center-unit-acquires-nordic-data-center-developer\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/02\/damacs-data-center-unit-acquires-nordic-data-center-developer\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Damac\u2019s data center unit acquires Nordic data center developer\",\"datePublished\":\"2025-04-02T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/02\/damacs-data-center-unit-acquires-nordic-data-center-developer\/\"},\"wordCount\":203,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/02\/damacs-data-center-unit-acquires-nordic-data-center-developer\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/237.jpg?fit=%2C&ssl=1\",\"keywords\":[\"investment\",\"M&A\",\"M&A WATCH\",\"Real estate\",\"tech\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/02\/damacs-data-center-unit-acquires-nordic-data-center-developer\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2025\/04\/02\/damacs-data-center-unit-acquires-nordic-data-center-developer\/\",\"name\":\"Damac\u2019s data center unit acquires Nordic data center developer - 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