Overview
- BTQ obtained clearance from Foreign Direct Investment authorities to complete its acquisition of QPerfect, allowing the cross‑border deal to close.
- The purchase is structured for up to €24.26 million, with a closing payment of €18.59 million split into €2.02 million cash and €16.57 million in BTQ shares plus an earnout of up to €5.67 million tied to milestones.
- QPerfect’s assets moving into BTQ include MIMIQ, a software emulator that the company says can stably simulate more than 100 qubits on standard hardware, Digital Twin models for architecture simulation, and the QLU control framework for scalable hardware control.
- Philippe Blot, QPerfect’s founder, will remain CEO after the takeover, a continuity move BTQ says will speed efforts to make quantum systems testable, reproducible and deployable at scale.
- Founded in 2023 and winner of France’s i‑Lab Grand Prix, QPerfect gives BTQ a direct presence in Strasbourg and access to European university partnerships and neutral‑atom expertise that could deepen the buyer’s research and development pipeline.