R&S strengthens position in quantum technology market with acquisition
Rohde & Schwarz has announced that it has acquired Zurich Instruments in a move designed to help it better position its T&M solutions in the fast growing market for quantum computing.
Zurich Instruments provides cutting-edge test and measurement systems to scientific and industrial research customers. A spin-off of the Swiss Federal Institute of Technology in Zurich (ETH Zurich), it has over 100 employees at its Zurich headquarters and regional offices in China, the USA, France, South Korea, Japan and Italy. In addition to quantum technology, Zurich Instruments has a strong network and extensive experience in academic physics research.
Talking about the acquisition Peter Riedel, President and COO of Rohde & Schwarz, said, “We are looking forward to developing technological solutions for the future together with Zurich Instruments. We are also strengthening our position in the scientific realm. Rohde & Schwarz and Zurich Instruments already share a passion for advancing science and innovation.”
The test and measurement market for quantum computing is seen as holding enormous potential for both companies. Operating and maintaining a large-scale quantum computer requires numerous, specific T&M solutions.
For customers at Zurich Instruments, the acquisition is seen as delivering innovative product roadmaps for lock-in amplifiers, impedance T&M instruments and quantum computing control systems. Both companies have said that continuing the relationships with existing customers and partners is essential. All functions at Zurich Instruments will remain in place, from development and production to marketing and sales.
Dr. Sadik Hafizovic, co-founder and CEO of Zurich Instruments, added, “In Rohde & Schwarz, we found a company that can provide us with access to the latest and best technologies. The size, stability and technological expertise of Rohde & Schwarz offer optimal conditions for us to remain a leader in the rapidly growing quantum computing market and continue to grow as an independent subsidiary.”