SWI Stoneweg Icona Group Expands into AI Computing with Major Investment in Polarise
On February 24, 2026, SWI Stoneweg Icona Group, listed on Euronext Amsterdam, announced a strategic acquisition of a majority stake in Polarise, a prominent European partner of NVIDIA Cloud. This venture is an essential step in SWI's commitment to enhancing its AI computing capabilities, integrating GPU-as-a-service and AI-as-a-service into their existing AiOnX data center platform, which boasts a robust capacity of 2.3 GW.
The valuation of Polarise is set at €500 million once the investment from SWI is finalized, which includes a capital investment of €100 million aimed specifically at operational enhancements. This acquisition not only fortifies SWI's data center and AI strategy but also positions Polarise as a leading player in the digital infrastructure realm within Europe.
With a recent pledge of €1 billion aimed at advancing Polarise’s digital infrastructure strategy, SWI is underscoring its belief in the growing demand for AI computing across Europe. The arrangement provides Polarise with the necessary financial backing to catalyze its expansion efforts while establishing a comprehensive digital infrastructure to meet various AI computing needs.
Max-Hervé George, the founder and CEO of SWI Group, remarked on the excitement surrounding the partnership with Polarise. He noted that it significantly enhances their existing data center investments and aligns their operational elements critical to GPU computing. George expressed a strong ambition for SWI to emerge as a premier developer and operator of digital infrastructure in Europe, emphasizing the exceptionally skilled team at Polarise as a vital asset.
Polarise, headquartered in Germany, specializes in providing high-performance computing (HPC) infrastructure tailored for AI, ensuring rapid deployment and execution capabilities for critical AI workloads across Europe. With collaborative efforts with Deutsche Telekom and NVIDIA, Polarise recently launched their first industrial-scale AI factory in Germany, adding to their previous establishment in Oslo, Norway. Polarise’s dedication to delivering premium services through its 15 years of industry experience is anticipated to bolster its market presence significantly.
Moreover, the combination of both companies’ resources is expected to facilitate and accelerate the implementation of new projects, leveraging their shared expertise while conducting strategic hiring in key operational roles.
The investment also signifies a broader strategy to construct state-of-the-art AI factories powered by NVIDIA’s latest GPUs. The €1 billion allocation toward projects not only reflects SWI’s optimism but also allows Polarise to tap into the capital necessary for executing previous acquisitions and enhancing their extensive opportunities for future projects.
In terms of future perspectives, Michel Boutouil, the CEO of Polarise, expressed that this collaboration sets a solid foundation to expedite their mission in a rapidly evolving AI landscape that Europe needs to navigate efficiently. The partnership promises to cater to key market demands, driven by substantial energy resources located throughout Europe.
Moving forward, the integration of SWI Group’s AiOnX platform with Polarise is expected to create a comprehensive AI infrastructure framework, encapsulating energy supply, high-performance computing, and delivery platforms across the continent. This strategic partnership aims to enhance SWI’s positioning within the burgeoning digital landscape, fostering innovation in AI computing while addressing emerging market needs across various sectors.
As SWI Group, AiOnX, and Polarise join forces to reinvent European AI infrastructure, this collaboration illustrates the growing trend of investment in AI technologies, showcasing the potential for major advancements in the European digital economy.
The valuation of Polarise is set at €500 million once the investment from SWI is finalized, which includes a capital investment of €100 million aimed specifically at operational enhancements. This acquisition not only fortifies SWI's data center and AI strategy but also positions Polarise as a leading player in the digital infrastructure realm within Europe.
With a recent pledge of €1 billion aimed at advancing Polarise’s digital infrastructure strategy, SWI is underscoring its belief in the growing demand for AI computing across Europe. The arrangement provides Polarise with the necessary financial backing to catalyze its expansion efforts while establishing a comprehensive digital infrastructure to meet various AI computing needs.
Max-Hervé George, the founder and CEO of SWI Group, remarked on the excitement surrounding the partnership with Polarise. He noted that it significantly enhances their existing data center investments and aligns their operational elements critical to GPU computing. George expressed a strong ambition for SWI to emerge as a premier developer and operator of digital infrastructure in Europe, emphasizing the exceptionally skilled team at Polarise as a vital asset.
Polarise, headquartered in Germany, specializes in providing high-performance computing (HPC) infrastructure tailored for AI, ensuring rapid deployment and execution capabilities for critical AI workloads across Europe. With collaborative efforts with Deutsche Telekom and NVIDIA, Polarise recently launched their first industrial-scale AI factory in Germany, adding to their previous establishment in Oslo, Norway. Polarise’s dedication to delivering premium services through its 15 years of industry experience is anticipated to bolster its market presence significantly.
Moreover, the combination of both companies’ resources is expected to facilitate and accelerate the implementation of new projects, leveraging their shared expertise while conducting strategic hiring in key operational roles.
The investment also signifies a broader strategy to construct state-of-the-art AI factories powered by NVIDIA’s latest GPUs. The €1 billion allocation toward projects not only reflects SWI’s optimism but also allows Polarise to tap into the capital necessary for executing previous acquisitions and enhancing their extensive opportunities for future projects.
In terms of future perspectives, Michel Boutouil, the CEO of Polarise, expressed that this collaboration sets a solid foundation to expedite their mission in a rapidly evolving AI landscape that Europe needs to navigate efficiently. The partnership promises to cater to key market demands, driven by substantial energy resources located throughout Europe.
Moving forward, the integration of SWI Group’s AiOnX platform with Polarise is expected to create a comprehensive AI infrastructure framework, encapsulating energy supply, high-performance computing, and delivery platforms across the continent. This strategic partnership aims to enhance SWI’s positioning within the burgeoning digital landscape, fostering innovation in AI computing while addressing emerging market needs across various sectors.
As SWI Group, AiOnX, and Polarise join forces to reinvent European AI infrastructure, this collaboration illustrates the growing trend of investment in AI technologies, showcasing the potential for major advancements in the European digital economy.
Topics Business Technology）
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