Quantum computing firm IonQ to acquire UK-based Oxford Ionics for $1.08 billion

(Reuters) -IonQ will acquire British quantum computing startup Oxford Ionics for $1.075 billion, the Maryland-based quantum computing firm said on Monday.

Oxford Ionics’ founders Chris Ballance and Tom Harty will remain with IonQ after the acquisition is completed, the company said.

In May, IonQ acquired Boston-based startup Lightsynq, which specializes in photonic interconnects and quantum memory.

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Janane Venkatraman)