Chinese communication compay Hytera is trying to buy Canadian communication company Norsat International.
Norsat International specializes in satellite communications for security and defence sectors and has military customers, including the Pentagon, Canadian Coast Guard, NATO, US Department of Defence, U.S. Marine Corps, U.S. Army, Irish Department of Defence, Taiwanese army, Boeing, CBS News, Reuters .......
Hytera have competitor but its expected that Hytera firm – 52-per-cent owned by Chinese billionaire Chen Qingzhou will get governmental support to get control of the Canadian technology.
Norsat International product include:
Satellite solutions
Microwave products
Maritime solution
SATCOM baseband Kits
Remote Network solutions
RF Antenna products (Sinclair division)
Information from Norsat International dated 27 June 2017
Norsat International Inc. (“Norsat” or “the Company”) (TSX: NII and NYSE MKT: NSAT), a provider of unique and customized communication solutions for remote and challenging applications, today announced that the previously announced transaction, pursuant to which Hytera Communications Co., Ltd. (“Hytera”) will indirectly acquire all of the issued and outstanding shares of Norsat by way of a court-approved plan of arrangement (the “Arrangement”) was approved today by a final order of the Supreme Court of British Columbia.
Completion of the Arrangement remains conditional on obtaining regulatory approvals and certain other closing conditions. Assuming that the conditions to closing are satisfied and the necessary regulatory approvals are obtained, it is expected that the closing of the Arrangement will be completed in the third quarter of 2017.
Norsat International specializes in satellite communications for security and defence sectors and has military customers, including the Pentagon, Canadian Coast Guard, NATO, US Department of Defence, U.S. Marine Corps, U.S. Army, Irish Department of Defence, Taiwanese army, Boeing, CBS News, Reuters .......
Hytera have competitor but its expected that Hytera firm – 52-per-cent owned by Chinese billionaire Chen Qingzhou will get governmental support to get control of the Canadian technology.
Norsat International product include:
Satellite solutions
Microwave products
Maritime solution
SATCOM baseband Kits
Remote Network solutions
RF Antenna products (Sinclair division)
Information from Norsat International dated 27 June 2017
Norsat International Inc. (“Norsat” or “the Company”) (TSX: NII and NYSE MKT: NSAT), a provider of unique and customized communication solutions for remote and challenging applications, today announced that the previously announced transaction, pursuant to which Hytera Communications Co., Ltd. (“Hytera”) will indirectly acquire all of the issued and outstanding shares of Norsat by way of a court-approved plan of arrangement (the “Arrangement”) was approved today by a final order of the Supreme Court of British Columbia.
Completion of the Arrangement remains conditional on obtaining regulatory approvals and certain other closing conditions. Assuming that the conditions to closing are satisfied and the necessary regulatory approvals are obtained, it is expected that the closing of the Arrangement will be completed in the third quarter of 2017.