Acquiring Company
International Business Machines Corporation
Acquired Company
HRL Laboratories
ArmonkCaliforniaInformation Technologyinformation technology & servicesBiotechnologyDescription
IBM plans to acquire HRL Laboratories to enhance its quantum computing capabilities with electron spin quantum circuit technology. This acquisition aligns with IBM's $10 billion quantum investment strategy. Post-acquisition, HRL is expected to continue its collaborations with Boeing and GM, focusing on practical applications in quantum technology.
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Based on deal dataFrequently asked
Who acquired HRL Laboratories?
HRL Laboratories was acquired by International Business Machines Corporation, based in Armonk. The deal was reported on July 25, 2026. International Business Machines Corp (IBM) is a global leader in IT services and consulting, serving 95% of all Fortune 500 companies. International Business Machines Corporation is publicly traded (IBM) and operates in Information Technology.
When did International Business Machines Corporation acquire HRL Laboratories?
International Business Machines Corporation's acquisition of HRL Laboratories was reported on July 25, 2026. IBM plans to acquire HRL Laboratories to enhance its quantum computing capabilities with electron spin quantum circuit technology. This acquisition aligns with IBM's $10 billion quantum investment strategy. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does HRL Laboratories do?
HRL Laboratories is a prominent research and development institution focused on advanced technologies, particularly in quantum computing and materials science. It is privately held, operating in Biotechnology, and is based in California.
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