Oxford Ionics Acquired by IonQ for $1.075 Billion
Deal News | Jun 10, 2025 | Hogan Lovells
In a landmark deal in the quantum computing industry, IonQ has agreed to acquire Oxford Ionics for $1.075 billion, primarily through the issuance of IonQ shares with a minor cash component. Oxford Ionics, renowned for its leadership in quantum fidelity, will merge its ion-trap technology on semiconductor chips with IonQ's prowess in quantum computing and networking. This strategic acquisition is projected to enhance IonQ's capabilities in delivering cutting-edge quantum computers. The transaction, guided by Hogan Lovells, led by their Global Head of M&A, Bill Curtin, alongside other key partners, is earmarked for completion in 2025, contingent upon the fulfillment of typical closing conditions, including necessary regulatory blessings.
Sectors
- Quantum Computing
- Mergers and Acquisitions
- Semiconductors
Geography
- United States – IonQ, the acquiring company, is based in the United States, playing a significant role in the quantum computing sector.
- United Kingdom – Oxford Ionics, the target company, is rooted in the UK, contributing significantly to quantum computing research and development.
Industry
- Quantum Computing – The deal involves IonQ and Oxford Ionics, companies at the forefront of quantum computing technology development.
- Mergers and Acquisitions – This transaction is a prime example of a significant merger in the tech industry, driven by strategic goals and innovation.
- Semiconductors – Oxford Ionics' ion-trap technology is manufactured on semiconductor chips, highlighting the semiconductor industry's role in quantum computing advancements.
Financials
- $1.075 billion – Transaction value of IonQ's acquisition of Oxford Ionics, including $1.065 billion in IonQ shares and $10 million in cash.
- $1.065 billion – The portion of the transaction value consisting of IonQ common stock.
- $10 million – Cash component of the transaction, subject to customary closing adjustments and expenses.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Oxford Ionics | Target Company | Company | A leading entity in quantum computing, known for its high fidelity in quantum operations. |
| IonQ | Bidding Company | Company | A US-based leader in quantum computing and networking technologies. |
| Hogan Lovells | Legal Adviser | Company | Advising Oxford Ionics on its acquisition by IonQ, with a team led by M&A experts. |