HP Completes Acquisition of HyperX
HP announced the completion of its acquisition of HyperX, the gaming division of Kingston Technology Company. The acquisition supports HP’s strategy to drive growth in its Personal Systems business, where gaming and peripherals are attractive segments.
Alex Cho, president, Personal Systems, HP, said, “We are delighted to officially welcome the incredible people of HyperX to HP. HyperX has built a loyal following among gamers and we look forward to further strengthening the HyperX brand. This acquisition further advances our ability to create the compute experiences of the future, expand into valuable adjacencies, and unlock new sources of growth.”
HyperX’s award-winning product portfolio spans a range of gaming peripherals, including headsets, keyboards, mice, mouse pads, USB microphones, and console accessories.
As previously announced, the purchase price of the transaction was $425 million, subject to customary working capital and other adjustments. The acquisition is expected to be accretive on a non-GAAP basis to HP in the first full year following closing.
