HP acquires HyperX
PC hardware company pays $425 million for gaming peripheral maker; deal does not include HyperX memory and storage lines
HP today announced that it is acquiring HyperX from the gaming peripheral's current parent, Kingston Technology Company.
Under the terms of the deal, HP will pay $425 million for the brand, including HyperX's various lines of headsets, keyboards, mice, microphones, and so on.
However, the agreement leaves out some aspects of HyperX's business, specifically its DRAM, solid-state drives, and other memory and storage products marketed to gaming audiences.
"HyperX is a leader in peripherals whose technology is trusted by gamers around the world and we're thrilled to welcome their outstanding team to the HP family," said HP president and CEO Enrique Lores.
"We continue to advance our leadership in Personal Systems by modernizing compute experiences and expanding into valuable adjacencies. We see significant opportunities in the large and growing peripherals market, and the addition of HyperX to our portfolio will drive new sources of innovation and growth for our business."
Kingston co-founder and CEO John Tu said he and Kingston COO David Sun "saw the possibilities for the HyperX business and its employees and we both realized that this change brings a brighter future for HyperX."
The deal is expected to close in the second quarter of this year.
An HP representative told GamesIndustry.biz there will be no layoffs from the acquisition.