Oxford Ionics

IonQ has entered into a definitive agreement to acquire Oxford Ionics in a transaction valued at $1.075 billion, consisting of $1.065 billion in shares and $10 million in cash. The deal aims to combine IonQ's quantum computing stack with Oxford Ionics' ion-trap technology.

Oxford Ionics has won a £6 million contract to supply a quantum computer, named 'Quartet', to the UK's National Quantum Computing Centre (NQCC) in Harwell, Oxfordshire. The system will be delivered to the NQCC's Harwell facility.