German Government: China Aerospace Science and Industry Blocks Acquisition of ImST: Satellite 5G Technology
-German satellite 5G affiliated company-
[Berlin current affairs]
German Government:
ImST, which handles artificial satellites and technologies related to the next-generation communication standard “5G”.
“Imst of Germany is being acquired by a subsidiary of China Aerospace Science and Industry Corporation, a state-owned munitions company in China,” it was blocked.
Judged as “a serious threat to security”.
DPA news agency reported on the 3rd.
The target of acquisition is ImST:
The target of the acquisition was Imst.
We are developing the main parts of the German artificial satellite “Terasar X”.
China Aerospace Science and Industry Corp. develops and manufactures rockets and missiles.
Stop the outflow of know-how to China:
The German government has said that it will stop acquisitions that pose a security threat.
If it is acquired, “know-how will be leaked to China, which will support the strengthening of armaments,” he said.
Current affairs dot com
https://www.jiji.com/jc/article?k=2020120301163&g=int
China wants to take over company from NRW – German government stops deal
The federal government
has stopped the takeover of a German specialist company, among other things for 5G, satellite and radar technology, by a Chinese armaments company.
This was reported by the news portal “ThePioneer”,
citing a corresponding cabinet proposal, which was also available to the dpa news agency.
The Federal Ministry of Economics said that
the Federal Cabinet had decided on Wednesday to authorize a ban under the Foreign Trade Ordinance.
According to the template, it is about IMST GmbH, based in Kamp-Lintfort in North Rhine-Westphalia,
which has particular expertise in the field of satellite / radar communication and 5G millimeter wave technology.
According to the submission,
the company was to be taken over by Addsino, a subsidiary of the Chinese state arms company Casic, through specially founded, intermediary companies.
DE24 News English
IMST GmbH Innovating Mobile and Satellite Communication Techniques
IMST GmbH in Germany
is a technology driven center of excellence in the design and fabrication of mobile communication circuits and systems.
Since its founding more than 20 years ago, IMST GmbH
has become a leading provider of advanced products and services to major segments of the telecommunications market.