HP Inc. has officially confirmed that they have completed 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.
“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 award-winning product portfolio spans a range of gaming peripherals, including headsets, keyboards, mice, mousepads, USB microphones, and console accessories. As previously announced, the 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.
Recently, Kingston had officially announced the new name for its gaming division called Kingston FURY. The new brand will focus on delivering high-end memory products for gaming PCs and laptops.