HP Inc. announced the completion of its acquisition of 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.
Recommended AI News: Udacity And AWS Collaborate To Offer More Free Courses In Machine Learning
“We are delighted to officially welcome the incredible people of HyperX to HP. HyperX has built a loyal following among gamers and we look forward to further strengthening the HyperX brand,” said Alex Cho, president, Personal Systems, HP Inc. “This acquisition further advances our ability to create the compute experiences of the future, expand into valuable adjacencies, and unlock new sources of growth.”
Recommended AI News: Toyota Research Institute Shares Design to Help Advance the Field of Soft Robotics
HyperX’s award-winning product portfolio spans a range of gaming peripherals, including headsets, keyboards, mice, mouse pads, USB microphones, and console accessories.
As previously announced, the purchase price of the transaction was $425 million. The acquisition is expected to be accretive on a non-GAAP basis to HP in the first full year following closing.
Recommended AI News: DigniFi Partners with TruVideo to Help Service Centers and Dealerships Close More Repair Orders with Better Clarity and Finance Options for Customers
Comments are closed.