A PRC government entity is now the controlling shareholder of US security manufacturer Infinova as well as its wholly-owned subsidiary March Networks, IPVM has confirmed.
This means Infinova, a New Jersey-headquartered company, has the same ultimate controlling shareholder as Hikvision. This comes at a time of unprecedented scrutiny into PRC government video surveillance and of Chinese investments into US firms.
Infinova told IPVM that "Infinova is not controlled by the PRC government", stressing this has no effect on their US operations or subsidiaries - the banking surveillance specialist March Networks and home video surveillance firm Swann.
While Infinova's new PRC government owner says it will help sales within China, it poses a risk to March Networks' major US banking customers to depend on surveillance products with such PRC government ownership.
In this exclusive report, we examine this news and its broader impact, including: