By Ismail Shakil
OTTAWA (Reuters) – Canada ordered on Friday the dissolution of two know-how corporations’ companies within the nation, citing nationwide safety considerations.
The businesses, Bluvec Applied sciences Inc and Pegauni Expertise Inc, got the dissolution order and requested to stop all operations within the nation underneath a legislation that governs international investments in Canada, in accordance with a press release from the innovation ministry.
The choice was taken after a assessment that concerned “rigorous scrutiny by Canada’s nationwide safety and intelligence group”, Innovation Minister Francois-Philippe Champagne mentioned within the assertion.
“Whereas Canada continues to welcome international direct funding, we are going to act decisively when investments threaten our nationwide safety,” Champagne mentioned.
The assertion didn’t give particulars of the investments, the safety considerations, or any data on the businesses past their names. A spokesperson for the innovation minister didn’t instantly reply to a request for extra data late on Friday.
An internet site for Bluvec Applied sciences describes it as a maker of drone detection gadgets. Pegauni Expertise’s web site couldn’t be accessed. A LinkedIn account with that identify mentioned the corporate makes wi-fi safety merchandise.
When Reuters referred to as the final quantity listed on Bluvec’s web site for a response, an individual who recognized herself as Claire mentioned the corporate had not acquired any order from the federal government and was making checks.
Pegauni Expertise couldn’t be reached for remark.
The legislation on international investments – the Funding Canada Act – was revised earlier this yr so as to add harder nationwide safety opinions of proposed international investments.
Foreigners who purchase management of a Canadian enterprise or who want to set up a brand new enterprise within the nation are topic to the legislation.
(Reporting by Ismail Shakil in Ottawa; Enhancing by Muralikumar Anantharaman)