IonQ Announces Agreement to Acquire Oxford Ionics
We are pleased to have acted as adviser to Oxford Ionics in relation to its pending acquisition by IonQ for $1.075 Billion.
Oxford Ionics was co-founded in 2019 by Dr. Chris Ballance and Dr. Tom Harty who both hold world records in quantum breakthroughs. The team includes 80 global experts across physics, quantum architecture, engineering and software.
IonQ (NYSE:IONQ) is a leader in quantum computing and networking, developing high performance systems based on trapped ion technology, to help solve the world’s most complex commercial and research challenges.
The transaction will bring together IonQ’s quantum compute, application and networking stack with Oxford Ionics’ groundbreaking ion-trap technology manufactured on standard semiconductor chips. The combined technologies are expected to deliver innovative, reliable quantum computers that increase in power, scale, and problem-solving capabilities. Both companies expect to benefit from the other’s complementary technologies, deep expertise, and IonQ’s global resources and established customer base.
The investment is expected to close in 2025, subject to customary closing conditions including receipt of required regulatory approvals.
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