HP has agreed to acquire HyperX, the gaming division of Kingston Technology, for US$425 million. The move will strengthen HP’s offerings and drive growth in the gaming and peripherals market.
HyperX’s gaming-related products include headsets, keyboards, mice, mouse pads, USB microphones, and console accessories.
Under the agreement, HP will acquire HyperX’s gaming peripherals portfolio while Kingston will retain the DRAM, flash, and SSD products for gamers and enthusiasts.
“We continue to advance our leadership in personal systems by modernising 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,” said Enrique Lores, President and CEO of HP.