U.S. was consulted over proposed Chinese takeover of tech firm: Trudeau
OTTAWA — Canada consulted with the United States before it decided the takeover of a Vancouver tech firm by a Chinese communications company did not pose any national security concerns, Prime Minister Justin Trudeau said Tuesday.
But warning flags about the deal are still popping up in the United States, whose military is one of the biggest customers of Norsat International, maker of satellite receivers for security and military use.
Hytera, a privately-owned Chinese communications company which manufactures radio transceivers and radio systems, made a bid to take over Norsat in 2016.
The move triggered a requirement under the Investment Canada Act that the government must examine takeover bids of Canadian companies by foreign-owned firms to determine if it raises national security concerns.