PC & Hardware

Kingston to Sell HyperX to HP

Kingston today announced a definitive agreement to sell HyperX, its gaming division to HP Inc. The transaction is expected to close Q2 2021.

Kingston to Sell HyperX to HP
Kingston FURY Renegade SSD With Heatsink Giveaway 2023

Kingston today announced a definitive agreement to sell HyperX, its gaming division to HP Inc. The acquisition supports HP’s strategy to drive growth in its Personal Systems business, where gaming and peripherals are attractive segments. HyperX’s award-winning product portfolio spans a range of gaming peripherals, including headsets, keyboards, mice, mouse pads, USB microphones, and console accessories. 

PC gaming continues to be one of the most popular forms of video gaming, with the PC hardware industry anticipated to be worth $70 billion by 2023. The global peripherals market is expected to grow to $12.2 billion by 2024, with gaming peripherals representing a disproportionate share of this growth.

HP has built a large and growing global gaming portfolio in recent years, led by its OMEN brand and a world-class ecosystem of hardware, software, content, and services. The company continues to push progression in gaming with powerful devices like the OMEN 15 gaming laptop and the HP Pavilion Gaming 16 laptop.

Beyond devices, HP is driving software innovation with OMEN Gaming Hub, a destination for players to connect, customize, and explore their gear and games. Adding HyperX to HP’s broader gaming ecosystem will deliver innovative new experiences across everything gamers see, hear, and touch. 

Under the terms of the agreement, HP will pay $425M, subject to customary working capital and other adjustments, to acquire HyperX’s gaming peripherals portfolio.

Kingston will retain the DRAM, flash, and SSD products for gamers and enthusiasts. The acquisition is expected to be accretive on a non-GAAP basis to HP in the first full year following closing. The transaction is expected to close in calendar Q2 2021, pending regulatory review and other customary closing conditions.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Related

Eliminate Wi-Fi Dead Zones with Extendable Routers

Eliminate Wi-Fi Dead Zones with Extendable Routers

Eliminate Wi-Fi Dead Zones with Extendable Routers: it's essential to have a strong network that provides consistent and reliable connection.

Guides PC & Hardware / March 04, 2023

BenQ ZOWIE Announces XL2566K, its first TN 360Hz DyAc⁺ gaming monitor

BenQ ZOWIE Announces XL2566K, its first TN 360Hz DyAc⁺ gaming monitor

ZOWIE has announced its first TN 360Hz DyAc gaming monitor XL2566K, latest flagship model that offers gamers smoothness and fast response.

PC & Hardware / February 14, 2023

CES 2023: ASUS ROG announces performance-focused products

CES 2023: ASUS ROG announces performance-focused products

CES 2023: ASUS ROG - exclusive performance-focused products announced during the For Those Who Dare: Maxed Out virtual launch event.

PC & Hardware / January 10, 2023

GameSir launches G7 controller for Xbox and PC

GameSir launches G7 controller for Xbox and PC

The G7 controller includes two swappable paint-friendly faceplates, additional hair trigger mode and extra back buttons.

Gaming PC & Hardware / November 24, 2022

MSI November deals 2022 in UAE

MSI November deals 2022 in UAE

MSI November deals 2022 in UAE- MSI is topping the charts in gaming laptop deals and gaming PC deals in the region. Read more on MSI deals.

PC & Hardware / November 17, 2022