HP has announced the acquisition of HyperX for $425 million
HP to acquire HyperX:
On 24th February, HP announced its acquisition of HyperX, the gaming peripherals brand, for $425 million! The purchase will be completed in the second quarter of 2021, subjected to regulators’ approval and additional legal requirements.
Established in 2002 with its headquarters in the USA, HyperX is a notable brand providing upgraded and good-quality keyboards, gaming headsets, USB microphones, mice, and console accessories. It is a part of the Kingston Technology Company. It has a fantastic lineup of Cloud headsets that are among the most popular gaming headsets available today. Recently, the company has announced its compact 60% mechanical keyboard.
What led to HP’s decision to take over?
According to Enrique Lores, the President and CEO of HP, the company sees significant growth possibilities in the peripherals market. With the inclusion of HyperX, HP is sure to take a step towards both innovation and growth. As per industry experts, HP views the agreement as a strategy to establish a firm footing in the gaming market. Through this deal, it also intends to grow its Personal Systems business. HyperX peripherals will boost HP’s wide range of gaming products that have consistently grown and developed over the last couple of years. The acquisition of HyperX will let HP deliver products across the different gaming touchpoints.
About the acquisition:
As per the terms of the official agreement, HP will only possess the gaming accessory portfolio of HyperX. Kingston will continue to retain the SSD, flash, and DRAM products. HP will be gaining access only to the accessories for PC and consoles and not to the storage and memory business. The Ngenuity companion app in use for some of the HyperX products will continue to operate like before. It will not be considered a part of the Omen Control Center software.
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