ATCO, Kivalliq Inuit Association's development arm sign joint-venture agreement

VANCOUVER - ATCO Structures & Logistics has signed a joint-venture agreement with an Inuit organization's development arm.

ATCO (TSX:ACO.X) will work with Sakku Investments Corp. on resource development and infrastructure construction in the Kivalliq region of Nunavut.

The partners have created a new company called Sakku ATCO Buildings and Services.

Sakku is a for-profit organization that's owned by the Kivalliq Inuit Association.

"ATCO's partnership with Sakku is a tremendous opportunity for both companies," said Boris Rassin, executive vice-president, business development, for ATCO Structures & Logistics.

"Together we will offer economical infrastructure solutions to the companies developing Canada's North while working to create long-term business and employment opportunities for the Inuit people."