Geneva, Switzerland, February 26, 2025 -- Today, ID Quantique (IDQ), SK Group, Korea’s leading ICT company and IonQ, a leader in quantum computing and networking, announced that they have reached a definitive agreement for IonQ to acquire a controlling stake of IDQ, a global leader in quantum safe networking and quantum detection systems, headquartered in Geneva, Switzerland and with offices in Seoul, South Korea, Vienna, Austria and Boston, USA.

As part of the transaction, IonQ will join forces with IDQ’s team, pioneering products, and growing book of quantum networking business into its global quantum ecosystem. The investment will strengthen ID Quantique’s position as the global leader in quantum safe cryptography and quantum detection systems. It will also contribute to accelerating the development of global quantum-safe networks and quantum networking markets and partnerships, especially in the USA.

Quantum computing represents a groundbreaking innovation that has the potential to be even more transformative than the current surge in artificial intelligence. It promises to deliver significant advancements by tackling complex problems that current technologies cannot solve, offering transformative applications across various sectors, including defense, finance, and energy.

IonQ and IDQ believe that the real potential of quantum computers will emerge through quantum networks that are set to become a vital infrastructure which will serve as the backbone of the future quantum internet. Interconnecting quantum computers will enhance the overall performance and value of quantum computing. Building these quantum networks require secure communication. IonQ’s architecture intends to use photonic interconnects to create a more powerful cluster by linking multiple quantum computers. Combining IonQ and IDQ technologies will enable the foundation of such robust quantum clusters.

The closing of the acquisition is expected during the second quarter of 2025, subject to the satisfaction of customary closing conditions.