AtkinsRealis (ATRL.TO) and Scout Engineering & Consulting entered into a memorandum of understanding to jointly pursue engineering, infrastructure, social and related project opportunities, the company said Friday.
Scout Engineering & Consulting is an Indigenous-owned firm operating across Canada, said AtkinsRealis.
The company said the MoU will see the two companies cooperate on "opportunities across engineering, project management, environmental services, infrastructure, Indigenous advisory services, governance, economic development, community infrastructure, and major projects throughout Canada".
"We have partnered with Indigenous Nations and communities for decades in Canada," said President, Canada, AtkinsRealis, Stephanie Vaillancourt. "Building on this experience, our partnership with Scout reflects a shared commitment to doing so in ways that build trust, strengthen capacity, and create opportunities that go beyond a single project."
The company's shares were last seen up C$0.49 to C$88.32 on the Toronto Stock Exchange.
Price: $88.24, Change: $+0.41, Percent Change: +0.47%