Aker Nscale joint venture rolled into Nscale

Nscale has fully acquired Aker's 50% stake in the Aker Nscale joint venture for an estimated $150 million, announced on 2026-03-09. This transaction grants Nscale complete control over the joint venture's industrial digital infrastructure solutions, streamlining operations across projects in Skien, Narvik, Kvandal, and Fauske, Norway. The move allows Nscale to consolidate the 576 MW data center capacity currently under development or construction. For Nscale, this full ownership simplifies decision-making and accelerates the deployment of critical digital infrastructure, aligning directly with its core mission as a hyperscale data center developer and operator. The estimated $150 million valuation for Aker's 50% share suggests a clear commercial agreement to facilitate this strategic integration. Nscale, as a hyperscale data center developer and operator, focuses on delivering critical digital infrastructure to the world's largest technology companies; this acquisition directly supports that objective by bringing the Aker Nscale projects entirely in-house. Aker ASA, a Norwegian industrial investment company with a heritage dating back to 1841, actively manages its portfolio for value creation. Divesting its 50% stake in the Aker Nscale joint venture allows Aker ASA to reallocate capital or focus on other industrial and technology companies within its diverse holdings. This transaction reflects Nscale's commitment to building out its portfolio of critical digital infrastructure, particularly within the Norwegian market where these 576 MW projects are located.