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Announced

31 Jul 2025

Aker, Nscale Global and OpenAI to form a joint venture Stargate Norway.

Synopsis

Aker, an industrial investment company, and AI infrastructure companies Nscale Global and OpenAI, agreed to form a joint venture Stargate Norway, an advanced AI infrastructure project in Narvik, Northern Norway. Financial terms were not disclosed.

Principals

target

Stargate Norway

bidder

Aker Asa

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Market Context

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Bidder Team (12)

louise batty

Counsel at Skadden Arps Slate Meagher & Flom

Lawyer

bidder

Deals

£ 14.63 B

Total Value

øe

øyvind eriksen

President and CEO at AKER ASA

Manager

bidder

Deals

£ 11.95 B

Total Value

jonathan stephenson

Associate at Skadden Arps Slate Meagher & Flom

Lawyer

bidder

Deals

£ 150 M

Total Value

denis klimentchenko

Partner at Skadden Arps Slate Meagher & Flom

Lawyer

bidder

Deals

£ 46.06 B

Total Value

marissa weinrauch

Associate at Skadden Arps Slate Meagher & Flom

Lawyer

bidder

Deals

£ 6.73 B

Total Value

danielle haddad

Associate at Skadden Arps Slate Meagher & Flom

Lawyer

bidder

Deal

n/a

Total Value

federico privitera

Associate at Skadden Arps Slate Meagher & Flom

Lawyer

bidder

Deals

£ 1.31 B

Total Value

alistair ho

Associate at Skadden Arps Slate Meagher & Flom

Lawyer

bidder

Deals

n/a

Total Value

sophie lundsberg

Associate at Skadden Arps Slate Meagher & Flom

Lawyer

bidder

Deals

£ 652 M

Total Value

deborah kirk

Partner at Skadden Arps Slate Meagher & Flom

Lawyer

bidder

Deals

n/a

Total Value

jason hewitt

Counsel at Skadden Arps Slate Meagher & Flom

Lawyer

bidder

Deals

£ 10.78 B

Total Value

josh payne

CEO at NSCALE GLOBAL HOLDINGS LTD

Manager

bidder

Deal

n/a

Total Value

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