ATCO Diversifies Global Presence With Partnership in Chile


CALGARY, ALBERTA--(Marketwired - April 19, 2016) - ATCO announced today that it is expanding its international modular structures business by acquiring 50 per cent ownership of Sabinco Soluciones Modulares S.A. (Sabinco) from Sitrans Servicios Integrados de Tranportes Ltda. (Sitrans). Sitrans will retain 50 per cent ownership of the company, which will now operate under the name ATCO-Sabinco S.A. The transaction included the purchase of a land position and the provision of funds for a future manufacturing facility.

"Re-establishing a position in the South American market allows us to expand our global reach and further diversify our revenue sources," said Stephen Lockwood, President & Chief Operating Officer, ATCO Structures & Logistics. "ATCO's expertise in manufacturing and project execution, paired with Sabinco's diverse client base and local knowledge, will allow ATCO-Sabinco S.A. to expand its product offering and grow its customer base."

Headquartered in Santiago, Chile, Sabinco's fleet of nearly 2,500 space rental and workforce housing units accounts for approximately 10 per cent of the Chilean market. Sabinco's established presence in Chile also provides a strong foundation upon which the partnership can expand, with potential growth opportunities identified in other South American markets.

With nearly 8,000 employees and assets of approximately $19 billion, ATCO is a diversified global corporation delivering service excellence and innovative business solutions in Structures & Logistics (workforce housing, innovative modular facilities, construction, site support services, and logistics and operations management); Electricity (power generation, distributed generation, and electricity distribution, transmission and infrastructure development); Pipelines & Liquids (natural gas transmission, distribution and infrastructure development, natural gas liquids storage, and industrial water solutions); and Retail Energy (electricity and natural gas retail sales). More information can be found at

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