Rohde & Schwarz is aiming to strengthen its position in quantum technology market by acquiring Zurich Instruments AG.
Peter Riedel, President and COO of Rohde & Schwarz, explained, “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.”
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.”
“For customers at Zurich Instruments, the new constellation means even more future-ready, innovative product roadmaps for lock-in amplifiers, impedance T&M instruments and quantum computing control systems. Continuing the relationships with existing customers and partners is essential to both companies. All functions at Zurich Instruments will remain in place, from development and production to marketing and sales,” a statement said.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.