HP completes acquisition of HyperX
HP today announced the completion of its acquisition of HyperX, the gaming division of Kingston Technology. This acquisition supports HP's strategy to drive growth in its personal systems business, where gaming and gaming accessories are important and attractive segments.
“We are thrilled to officially welcome the amazing HyperX team at HP," said Alex Shaw, Head of Personal Systems at HP. HyperX has built a loyal following among gamers, and we look forward to supporting and promoting the HyperX brand. This acquisition enhances our ability to create computing experiences for the future and expand into adjacent areas of value, in addition to unlocking new sources of growth.”
The award-winning HyperX range of products includes various gaming accessories such as headphones, keyboards, mouse units, mouse pads, USB microphones and accessories for home appliances.
As previously announced, the transaction price is $425 million. The acquisition is expected to be cumulative on a non-GAAP basis for HP in the first full year after closing.
