As Previously Announced, for $425 Million, HP Completes Acquisition of HyperX

HP Inc. acquired 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.

“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,” said Alex Cho, president, personal systems, HP Inc. “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 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.

The acquisition is expected to be accretive on a non-GAAP basis to HP in the first full year following closing.

About HyperX
Started in 2002, it began with one line of high-performance memory and has grown over the years to encompass multiple product lines of memory modules, SSDs, USB flash keys, headsets and mouse pads. Featuring components that have delivered performance, quality and aesthetic design for more than a decade, its products are a choice of top-rated gamers, tech enthusiasts and overclockers worldwide.

Note: Kingston will retain the DRAM, flash, and SSD products for gamers and enthusiasts.