Apr 30, 2025 | Posted by Abdul-Rahman Oladimeji
Stack Infrastructure has signed a deal with investment fund Apollo which will see Apollo acquire seven data centers in five markets - Stockholm, Oslo, Copenhagen, Milan, and Geneva - and form a new, independent company to manage them. According to a statement from the businesses, the data centers serve “a diverse portfolio of blue-chip enterprise clients, including telecommunications carriers, IT and services companies, and financial institutions.”
Sherif Rizkalla, CEO of Stack’s EMEA colo business, will lead the new firm. Rizkalla said: “We are delighted to partner with Apollo to accelerate [the] growth of our business as a new, standalone company. Leveraging Apollo’s expertise in infrastructure, significant access to resources and support, we believe we are extraordinarily well-positioned to capitalize on our industry’s tailwinds and bring even more value to our customers, employees, and other stakeholders.”
Adam Petrie, partner at Apollo, added: “We are strong believers in the fundamental tailwinds behind the demand for data center infrastructure. In particular, we believe high-quality, interconnected colocation businesses with differentiated value propositions like the company’s offer an attractive, secular growth opportunity for the long-term. We are very excited to partner with Sherif and his team in taking this business to the next level and expanding its presence across Europe.”
