Quantum Machines, a company located in Tel Aviv, Israel that provides control electronics for quantum processors, has announced it will be acquiring QDevil, a company based in Copenhagen, Denmark that develops and manufactures auxiliary electronics and specialized components for quantum processors. QDevil’s products include ultra-stable voltage sources, sample holders, filters, and breakout boxes and they will serve as the Quantum Machine’s Auxiliary Electronics Division. This combination provides synergy for the companies because many of QDevil’s products are complementary to those offered by Quantum Machines and can be sold to the same customer base. It also provides Quantum Machines with a base in Europe that will be a benefit in recruiting talent, and they plan to leverage that by expanding their teams in Copenhagen. The terms of the deal were not announced, and the acquisition is still pending regulatory approval from the Danish government. Quantum Machines announcement of this acquisition can be found here.
March 30, 2022