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HP acquiring HyperX from Kingston in $425 million deal

In an unexpected announcement today, HP has revealed that it has acquired HyperX from Kingston. Kingston will continue to operate its memory business, but the HyperX gaming peripherals brand will now be moving on to new ownership.

HyperX will support “HP’s strategy to drive growth in its Personal Systems business”. HP is particularly interested in the peripherals market, where HyperX has several acclaimed products including headsets, keyboards and mice.

Speaking on the acquisition,  HP CEO, Enrique Lores, said: “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. 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.”

The agreement will see HP pay $425 million to Kingston to acquire the HyperX brand and peripherals portfolio. The acquisition is expected to close before the second half of 2021.

KitGuru Says: Do any of you use HyperX peripherals as part of your setup? What do you think of the acquisition news?

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