Rohde & Schwarz buys quantum computing company
Zurich Instruments is now owned entirely by Munich-based test company Rohde & Schwarz.
Zurich Instruments was founded by Flavio Heer, Beat Hofstetter and Sadik Hafizovic in 2008 to disrupt the lock-in amplifier market. It has since grown organically to over 100 staff and expanded into quantum systems. Terms of the deal were not made public, but the company had an initial investment of $112,000.
“Since 2015, we have been deeply engaged to provide the best instrumentation for scientists and engineers building quantum computers. This rapidly developing field at the bleeding edge of science requires access to the best and latest technology,” said Hafizovic, CEO of Zurich Instruments.
“With Rohde & Schwarz we found a company that can provide exactly this along with a financial backing that allows us to make the bold investments required to keep leading this field in the future,” he said. “The company management, the organization and our operations will not change, but you can expect more exciting innovations from Zurich Instruments in the months and years ahead of us.”
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