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The
companies, Bluvec Technologies Inc and Pegauni Technology Inc,
were given the dissolution order and asked to cease all
operations in the country under a law that governs foreign
investments in Canada, according to a statement from the
innovation ministry.
The decision was taken after a review that involved "rigorous
scrutiny by Canada's national security and intelligence
community", Innovation Minister Francois-Philippe Champagne said
in the statement.
"While Canada continues to welcome foreign direct investment, we
will act decisively when investments threaten our national
security," Champagne said.
The statement did not give details of the investments, the
security concerns, or any information on the companies beyond
their names. A spokesperson for the innovation minister did not
immediately respond to a request for more information late on
Friday.
A website for Bluvec Technologies describes it as a maker of
drone detection devices. Pegauni Technology's website could not
be accessed. A LinkedIn account with that name said the company
makes wireless security products.
When Reuters called the general number listed on Bluvec's
website for a response, a person who identified herself as
Claire said the company had not received any order from the
government and was making checks.
Pegauni Technology could not be reached for comment.
The law on foreign investments - the Investment Canada Act - was
revised earlier this year to add tougher national security
reviews of proposed foreign investments.
Foreigners who acquire control of a Canadian business or who
wish to establish a new business in the country are subject to
the law.
(Reporting by Ismail Shakil in Ottawa; Editing by Muralikumar
Anantharaman)
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