HP Inc. Completes Acquisition of HyperX
June 01 2021 - 8:53AM
HP Inc. (NYSE: HPQ) today 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.
“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,
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 HPHP Inc. creates
technology that makes life better for everyone, everywhere. Through
our product and service portfolio of personal systems, printers,
and 3D printing solutions, we engineer experiences that amaze. More
information about HP Inc. is available at http://www.hp.com.
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