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EDGNEX Data Centers by DAMAC confirms strategic partnership with Nordic Data Center Developer Hyperco

Mar 31, 2025•about 1 year ago

Contract Type

partnership

RiyadhSoftwareArtificial IntelligenceMachine LearningCloud Infrastructure

Description

EDGNEX Data Centers by DAMAC has confirmed the acquisition of Finland-founded data center company, Hyperco, to strengthen its presence in the European market and contribute to the region’s evolving data center landscape. The partnership aims to deliver significant future capacity in the Nordics, leveraging the sustainable energy resources and high connectivity in the region.

Company Information

Company

EDGNEX

Location

Riyadh, Riyadh Region, Saudi Arabia

About

EDGNEX is a global digital infrastructure company headquartered in Dubai, United Arab Emirates. It is a wholly owned subsidiary of the DAMAC Group, providing a foundation for local innovation across the globe and disrupting the data center market with new speed and agility. EDGNEX proactively builds, buys, or partners to serve the next wave of demand for data center services.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months