Quantum tech firm BTQ to acquire France's QPerfect

Vancouver's BTQ Technologies received regulatory approval from France's Ministry for the Economy and Finance to acquire Strasbourg-based QPerfect. The deal includes a cash payment of roughly $3.3 million plus over 2.1 million common shares valued at approximately $30 million total. French authorities stipulated maintenance of local offices, appointment of corporate officers, continued research activities, and protection of intellectual property assets.