HP acquires HyperX for $425 million
HP has purchased ownership of HyperX from Kingston Technology.
HyperX has been a leading name in gaming tech and accessories for several years, and a staple company under the Kingston Technology banner. However, it seems that a major change is coming to the company, as HP as acquired HyperX for $425 million.
HP posted an official press release where it announced its purchase of HyperX. “HP Inc. today announced a definitive agreement to acquire 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. HyperX’s award-winning product portfolio spans a range of gaming peripherals, including headsets, keyboards, mice, mouse pads, USB microphones, and console accessories.”
Hewlett-Packard, better known as HP, is a popular name in the computer hardware space, and has been for decades. As gaming continues to surge in popularity, HP has been looking to get into the business, motivating the acquisition of HyperX. In the press release, the company cites the rising popularity of PC gaming.
“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 Enrique Lores, President and CEO, HP Inc. “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.” HP paid $425 million to Kingston technology to acquire HyperX.
It’s far too early to know what visible impact the acquisition will have on HyperX and its products, so we’ll have to wait and see. For updates on the latest offerings from HyperX, you can stick with us on Shacknews.
-
Shacknews
replyDonovan Erskine posted a new article, HP acquires HyperX for $425 million
-
guess thats it for that brand,
-
HyperX makes great stuff, but HP's Omen line seems pretty decent, so maybe this is a good thing.
-
HyperX has been on a roll, tearing up the competition. The best mouse on the market currently. Top tier headset portfolio, great keyboards with competitive in-house linear switches. Recent KB collab with Ducky and just released their first 60%. I hear their recent mics are good too.
So what's going on at Kingston? They're a smart team over there. Accepting such a low-ball offer makes me think they don't expect to get those kind of profits out of HyperX in the long term. All that innovation and drive is too costly to keep up with?
At least HP is commenting that layoffs aren't part of the acquisition.
-
