{"id":41951,"date":"2021-03-01T17:32:58","date_gmt":"2021-03-01T09:32:58","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=41951"},"modified":"2021-03-01T17:33:01","modified_gmt":"2021-03-01T09:33:01","slug":"hp-acquires-hyperx-gaming-division-of-kingston-technology-company","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2021\/03\/01\/hp-acquires-hyperx-gaming-division-of-kingston-technology-company\/","title":{"rendered":"HP acquires HyperX gaming division of Kingston Technology Company"},"content":{"rendered":"\n

HP Inc. announced a definitive agreement to acquire HyperX, the gaming division of Kingston Technology Company. The acquisition supports HP\u2019s strategy to drive growth in its Personal Systems business, where gaming and peripherals are attractive segments. <\/strong><\/p>\n\n\n\n

HyperX\u2019s award-winning product portfolio spans a range of gaming peripherals, including headsets, keyboards, mice, mouse pads, USB microphones, and console accessories.<\/p>\n\n\n\n

\u201cHyperX is a leader in peripherals whose technology is trusted by gamers around the world and we\u2019re thrilled to welcome their outstanding team to the HP family,\u201d said Enrique Lores, President and CEO, HP Inc. \u201cWe 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.\u201d<\/p>\n\n\n\n

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.[i]<\/a> The global peripherals market is expected to grow to $12.2 billion by 2024, with gaming peripherals representing a disproportionate share of this growth.<\/p>\n\n\n\n

\u201cHyperX products are designed to meet the most rigorous demands of all gamers \u2013 from casual to the most hardcore \u2013 giving them a winning edge and helping them stay on top of their game,\u201d said John Tu, Co-founder and CEO, Kingston. \u201cBoth of our companies thrive because we focus on our employees and share the same core values and culture. David Sun (Co-founder and COO) and I saw the possibilities for the HyperX business and its employees and we both realized that this change brings a brighter future for HyperX.\u201d<\/p>\n\n\n\n

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\u2019s broader gaming ecosystem will deliver innovative new experiences across everything gamers see, hear, and touch.<\/p>\n\n\n\n

Under the terms of the agreement, HP will pay $425 million, subject to customary working capital and other adjustments, to acquire HyperX\u2019s 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.

<\/strong>For 18 years, HyperX\u2019s mission has been to develop gaming solutions for every type of gamer and the company is consistently recognized for delivering products that provide superior comfort, aesthetics, performance, and reliability. Under the tagline of \u201cWE\u2019RE ALL GAMERS,\u201d HyperX gaming headsets, keyboards, mice, USB microphones, and console accessories are the choice of everyday gamers as well as celebrity ambassadors, pro gamers, tech enthusiasts, and overclockers worldwide because they meet the most stringent product specifications and are built with best-in-class components.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition supports HP\u2019s strategy to drive growth in its Personal Systems business, where gaming and peripherals are attractive segments. <\/p>\n","protected":false},"author":1,"featured_media":41952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[34,2506,7011,51,4852,4836],"class_list":["post-41951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","tag-gaming-2","tag-gaming-industry","tag-gaming-software","tag-hp","tag-hp-philippines","tag-kingston"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/41951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=41951"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/41951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/41952"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=41951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=41951"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=41951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}