Today’s M&A deals include announcements on Google Quantum AI, Atlantic Quantum, Apollo Cloud, Xi Communications, Magnora, Storespeed, among others.
Google Quantum AI Acquires Atlantic Quantum
Google Quantum AI has acquired Atlantic Quantum, an MIT-founded startup specializing in superconducting quantum hardware. This acquisition focuses on scaling quantum computing capabilities by integrating Atlantic Quantum’s modular chip stack, which combines qubits and superconducting control electronics within the cold stage. The strategic move aims to accelerate progress toward a large error-corrected quantum computer and real-world applications, enhancing Google’s leadership in quantum computing.
Apollo Cloud Acquires Xi Communications
Apollo Cloud has acquired Xi Communications, a Harrogate-based telephony systems and services provider. This acquisition marks Apollo Cloud’s first since its inception in 2022 and aims to expand its service offerings in VoIP telephony, unified communications, business mobiles, and internet connectivity. The strategic move enhances Apollo Cloud’s position as a trusted provider of telecom solutions, strengthening its customer base across various sectors.
Magnora Acquires Majority Stake in Storespeed
Magnora ASA has acquired a 75 percent stake in Storespeed AS, a Norwegian data center developer, marking its entry into the data center market. This acquisition, in partnership with Blix Solutions, aims to strengthen Magnora’s position in the rapidly expanding data center industry driven by growing demand from artificial intelligence and digital infrastructure. The strategic move aligns with Magnora’s asset-light strategy and enhances its capabilities in real estate and project execution.
Thasniya VP
