Honeywell Quantum Solutions completed the merger with Cambridge Quantum Computing.

Honeywell Quantum Solutions, a quantum computing and quantum technology business, completed the merger with Cambridge Quantum Computing, a quantum computing software and algorithms company. Honeywell will own a majority stake in the new company. Financial terms were not disclosed. "The new company will have the best talent in the industry, the world's highest-performing quantum computer, the first and most advanced quantum operating system, and comprehensive, hardware-agnostic software that will drive the future of the quantum computing industry. The new company will be extremely well positioned to create value in the near-term within the quantum computing industry by offering the critical global infrastructure needed to support the sector's explosive growth," Darius Adamczyk, Honeywell Chairman and CEO.