M&A Deal Summary

Kipu Quantum Acquires PlanQK

On July 11, 2024, Kipu Quantum acquired information technology company PlanQK

Acquisition Highlights
  • This is Kipu Quantum’s 1st transaction in the Information Technology sector.
  • This is Kipu Quantum’s 1st transaction in Germany.

M&A Deal Summary
Date 2024-07-11
Target PlanQK
Sector Information Technology
Buyer(s) Kipu Quantum
Deal Type Add-on Acquisition

Target

PlanQK

Berlin, Germany
PlanQK is an open community-powered platform and ecosystem for quantum applications, connecting developers, industrial users, researchers, and quantum hardware providers with a platform for the integration, deployment, development, and monetization of quantum services. PlanQK was formed in 2019 and is based in Berlin, Germany.

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Buyer(S) 1

Buyer

Kipu Quantum

Karlsruhe, Germany
Category Company
Founded 2021
Sector Software
DESCRIPTION

Kipu Quantum is a quantum software company that operates at the intersection of quantum computer hardware and application software layers, developing disruptive application- and hardware-specific quantum algorithms for a wide range of industries. These algorithms are based on a one-of-a-kind compression technology that requires orders of magnitude less quantum processor resources to solve a given problem than comparable approaches. Kipu Quantum was formed in 2021 and is headquartered in Karlsruhe, Germany.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Germany) 1 of 1
Year (2024) 1 of 1
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