Silverpeak, the mid-market technology specialist representing European growth businesses in M&A and financing transactions, is pleased to announce that it has acted as the exclusive financial advisor to ID Quantique (IDQ) and its shareholders, including SK Telecom, on the sale of a controlling stake to IonQ.
With this transaction IDQ, a global leader in quantum-safe encryption and quantum sensing solutions, joins forces with IonQ, a pioneer in quantum computing. The acquisition enhances IonQ’s position in the quantum networking market, integrating IDQ’s patent portfolio, world leading products, and commercial reach to support the development of next-generation quantum-secure communications.
Headquartered in Geneva, Switzerland, IDQ has been at the forefront of quantum-safe security for over two decades. The company has deployed quantum-secure networks worldwide, supporting critical infrastructure projects such as the Nationwide Quantum Safe Network Plus (NQSN+) in Singapore, South Korea’s 800km-long nationwide quantum network, and key initiatives within Europe’s quantum communications infrastructure (EuroQCI). In addition, IDQ’s high-performance single-photon detectors play an essential role in enabling quantum computing and sensing.
Grégoire Ribordy, CEO of IDQ, commented:
“IDQ is excited to be joining IonQ and to create a unique portfolio of capabilities across quantum computing and networking. Silverpeak supported us throughout the entire process with dedication and a deep understanding of the quantum industry, allowing them to quickly grasp the business value creation and market dynamics. Their guidance was instrumental in navigating this transaction and securing the right partner for our next phase of growth. It has been a pleasure to work with the Silverpeak team.”
Pietro Strada, Managing Partner at Silverpeak, said:
“We are proud to have advised IDQ and SK Telecom on this transformative transaction, which highlights the increasing importance and potential of quantum cybersecurity and networking. Gregoire and his team have created a leader in quantum key distribution equipment and software, and we are grateful for the opportunity to work with them. This is another deal that demonstrates Silverpeak’s prominence in deal-making in the quantum market and more broadly in deeptech.”
About Silverpeak
Silverpeak is a mid-market technology specialist, representing European growth businesses in M&A and financing transactions. Our highly experienced team has completed over 300 deals, leveraging deep industry knowledge to uncover and articulate strategic value. We work with innovative technology companies to identify the right buyers and investors globally.
Silverpeak LLP is authorised and regulated by the Financial Conduct Authority. For more information, please visit www.silverpeakib.com