Wraps taken off new €200m data centre company in Finland

02 June 2021 | Antony Savvas

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A new data centre services firm has been launched in Finland and it plans to invest an initial €200 million in revamping existing facilities and building new ones.

Hyperco will initially concentrate on its home country but it intends to expand to the wider Nordics region as it grows, taking advantage of relatively low-priced and sustainable energy in the region.

It intends to lease the data centres it owns to long-term tenants. “In five years, Hyperco aims to grow its data centre portfolio to more than €1 billion,” the company said.

The company is backed by real estate investment company NREP and pension fund Varma, both based in the Nordics.

Aleksi Taipale, co-founder and partner at Hyperco, said: “The region’s cool climate combined with a reliable electricity grid and the availability of renewable energy provides the best foundation to develop sustainable data centres and our digital society.”

The Finnish data centre market is a developing one, fuelled by not only the sustainable energy resources available but its connectivity.

Earlier this year, Equinix said it was expanding two of its International Business Exchange (IBX) sites (HE5 and HE7) in capital Helsinki (pictured), with a €32 million investment. In total, Equinix has invested approximately €147 million into its data centres in Finland.

That investment was part of Equinix’s continuing metro growth strategy in the Nordics region, with Finland being a good location to reach the 27 million consumers in the Nordics area, said the firm, as well as taking advantage of its connections to the rest of Europe, the Baltics, Russia and other parts of Eastern Europe.