Oxford Ionics Snapped Up in $1.075 Billion Acquisition by IonQ

Deal News | Jun 09, 2025 | Business Cloud

Oxford Ionics Snapped Up in $1.075 Billion Acquisition by IonQ

Oxford Ionics, a UK-based quantum computing company known for its fidelity records in quantum operations, is set to be acquired by U.S. firm IonQ in a transaction valued at approximately $1.075 billion. The deal, which includes $1.065 billion in IonQ stock and $10 million cash, will see the merging of IonQ’s stacked quantum technology with Oxford Ionics’ advanced ion-trap technology on semiconductor chips. This acquisition is anticipated to significantly enhance quantum computing capabilities, with plans to scale up to millions of qubits by 2030. The integration aims to bring advancements in quantum computing applications across sectors such as manufacturing, pharmaceuticals, and defense—aided by continued partnerships with UK government projects. Both of Oxford Ionics founders, Dr. Chris Ballance and Dr. Tom Harty, will join IonQ, with the new entity planning to expand its operational footprint in Oxford.

Sectors

  • Quantum Computing
  • Semiconductor Manufacturing

Geography

  • United Kingdom – Oxford Ionics is headquartered in Oxford, UK, and the transaction involves expansion plans within the UK.
  • United States – IonQ, the acquiring company, is based in the United States.

Industry

  • Quantum Computing – The article discusses a transaction in the quantum computing industry, involving companies specializing in advanced quantum technologies.
  • Semiconductor Manufacturing – Oxford Ionics’ technology is capable of being manufactured in standard semiconductor fabs, highlighting this industry’s relevance.

Financials

  • $1.075 billion – Total value of the acquisition deal between IonQ and Oxford Ionics.
  • $1.065 billion – Value of IonQ stock issued for the acquisition.
  • $10 million – Cash component of the acquisition deal.

Participants

NameRoleTypeDescription
Oxford IonicsTarget CompanyCompanyA UK-based quantum computing company known for its ion-trap technology.
IonQBuyerCompanyA leading US company in quantum computing and networking.
Dr. Chris BallanceCEO of Oxford IonicsPersonCo-founder of Oxford Ionics and expected to continue working post-acquisition.
Dr. Tom HartyCo-founder of Oxford IonicsPersonCo-founder of Oxford Ionics and expected to continue working post-acquisition.
Niccolo de MasiCEO of IonQPersonCEO of IonQ, leading the acquisition effort.
UK National Quantum Computing CentrePartnerGovernmentAims to develop practical quantum computing applications.