BTQ Technologies Corp. (Nasdaq: BTQ) has cleared the last regulatory hurdle to fully acquire QPerfect, a French quantum computing firm, the company said on July 1, 2026.
The Vancouver-based company said it received approval from Foreign Direct Investment authorities to complete the purchase of QPerfect SAS (QPerfect), which is based in Strasbourg, France
The deal values QPerfect at up to 24.26 million euros, or roughly $27.66 million. That breaks down into a closing payment of 18.59 million euros ($21.20 million, approximately), comprising €2.02 million paid in cash and €16.57 million paid through the issuance of BTQ shares, and an earnout of up to 5.67 million euros (around $6.47 million) tied to performance milestones. “Completing the acquisition of QPerfect is an important milestone for BTQ,” said Olivier Roussy Newton, CEO and Chairman of BTQ. “QPerfect brings world-class quantum software, emulation, digital twin, and neutral atom expertise into our organization.” What BTQ is buying QPerfect was founded in 2023 and has spent three years building software infrastructure for quantum hardware developers. It was recognized with France’s i-Lab Grand Prix.
The acquisition brings three technologies into BTQ: – MIMIQ, QPerfect’s flagship quantum emulator, which lets developers design, test, and validate quantum algorithms in software before running them on actual hardware. It has demonstrated stable simulations of more than 100 qubits on standard computing infrastructure. – Digital Twin, which creates software models of quantum systems so researchers can simulate and optimize architectures before physical deployment. – Quantum Logical Unit (QLU), a multi-layered control framework built to support scalable, fault-tolerant quantum systems. Philippe Blot, who founded QPerfect and stays on as its CEO under the new ownership, described the rationale plainly. “We built QPerfect to solve one of the hardest problems in quantum computing — making quantum systems testable,…