Deals Counterparts

Aker Nscale joint venture rolled into Nscale

Partnership Data Center announced Skien, Narvik, Kvandal, Fauske, Norway Mar 9, 2026
576 MW
Capacity
development/construction
Stage
Aker Nscale joint venture projects
Project

The Aker Nscale joint venture was fully rolled into Nscale, consolidating delivery and governance under one entity.

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Deal Analysis

Nscale is streamlining its operations in Norway, fully integrating the Aker Nscale joint venture announced today. This move consolidates delivery and governance under Nscale, a hyperscale data center developer focused on critical digital infrastructure for the world's largest technology companies. Bringing the JV entirely in-house should enhance Nscale's ability to execute on its portfolio ambitions, particularly in the Norwegian market.
  • Aker Nscale JV fully rolled into Nscale.
  • Deal announced March 9, 2026.
  • Consolidates data center operations in Norway.
  • Nscale targets hyperscale data centers for major tech firms.

Source Intelligence

KEY DETAILS

Aker will remain a leading shareholder in Nscale. Quote: "Aker will remain a leading shareholder, and CEO Øyvind Eriksen will serve on the Nscale board." The roll-in will consolidate delivery and governance under one entity, ensuring existing projects continue. Quote: "According to the companies, this will consolidate "delivery and governance under one entity, while ensuring all existing projects under the joint venture continue and remain fully operational as part of Nscale."" Aker Nscale purchased land in Fauske, Norway, from Norsk Data in November. Quote: "In November, the company purchased land in Fauske , Norway, from Norwegian holding company Norsk Data."

Capacity
Aker Nscale has several data center projects underway in Norway, including a 96MW data center in Skien, a 250MW data center in Narvik, and a 230MW data center in Kvandal.
Location
Aker Nscale has several data center projects underway in Norway, including a 96MW data center in Skien, a 250MW data center in Narvik, and a 230MW data center in Kvandal. In November, the company purchased land in Fauske , Norway, from Norwegian holding company Norsk Data.
Announcement
March 09, 2026 By Georgia Butler
PARTIES MENTIONED IN SOURCE
N
Nscale buyer

"Nscale and investor Aker have also reached an agreement that will see the Aker Nscale joint venture fully rolled into Nscale."

A
Aker seller

"Nscale and investor Aker have also reached an agreement that will see the Aker Nscale joint venture fully rolled into Nscale."

A
Aker Nscale target entity

"Nscale and investor Aker have also reached an agreement that will see the Aker Nscale joint venture fully rolled into Nscale."

high quality Enriched Mar 9, 2026

Timeline

Announced
Mar 9, 2026
Signed
Closed

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