BTQ Technologies clears final hurdle to buy French quantum firm QPerfect

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BTQ Technologies Corp. (Nasdaq: BTQ) has cleared the past regulatory hurdle to afloat get QPerfect, a French quantum computing firm, the institution said connected July 1, 2026.

The Vancouver-based institution said it received support from Foreign Direct Investment authorities to implicit the acquisition of QPerfect SAS (QPerfect), which is based successful Strasbourg, France.

The woody values QPerfect astatine up to 24.26 cardinal euros, oregon astir $27.66 million. That breaks down into a closing outgo of 18.59 cardinal euros ($21.20 million, approximately), comprising €2.02 cardinal paid successful currency and €16.57 cardinal paid done the issuance of BTQ shares, and an earnout of up to 5.67 cardinal euros (around $6.47 million) tied to show milestones.

"Completing the acquisition of QPerfect is an important milestone for BTQ," said Olivier Roussy Newton, CEO and Chairman of BTQ. "QPerfect brings world-class quantum software, emulation, integer twin, and neutral atom expertise into our organization."

Related: Standard Chartered eyes large acquisition

What BTQ is buying

QPerfect was founded successful 2023 and has spent 3 years gathering bundle infrastructure for quantum hardware developers. It was recognized with France's i-Lab Grand Prix.

The acquisition brings 3 technologies into BTQ:

MIMIQ, QPerfect's flagship quantum emulator, which lets developers design, test, and validate quantum algorithms successful bundle earlier moving them connected existent hardware. It has demonstrated unchangeable simulations of much than 100 qubits connected modular computing infrastructure.
Digital Twin, which creates bundle models of quantum systems truthful researchers tin simulate and optimize architectures earlier carnal deployment.
Quantum Logical Unit (QLU), a multi-layered power model built to enactment scalable, fault-tolerant quantum systems.

Philippe Blot, who founded QPerfect and stays connected arsenic its CEO nether the caller ownership, described the rationale plainly.

"We built QPerfect to lick 1 of the hardest problems successful quantum computing — making quantum systems testable, reproducible, and deployable astatine scale," helium said. "BTQ shares that ambition, and brings the planetary infrastructure and information absorption to assistance america spell further, faster."

A foothold successful Europe

QPerfect's Strasbourg basal gives BTQ a nonstop beingness successful Europe's quantum probe ecosystem, with entree to assemblage partnerships and method expertise successful neutral atom computing and quantum plan automation.

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