#hp hyperx acquisition

recently announced that it is set to acquire HyperX, the gaming division of Kingston Technology, to grow its Personal Systems business. HP said that the acquisition of HyperX supports HP's strategy to drive growth in its Personal Systems business, where gaming and peripherals are attractive segments. HyperX’s product portfolio spans a range of gaming peripherals, including headsets, keyboards, mice, mousepads, USB microphones, and console accessories. HP also believes that the acquisition will also improve HP's gaming ecosystem under the OMEN and Pavilion Gaming line. Under the terms of the agreement, HP will pay USD 425 million, subject to customary working capital and other adjustments, to acquire HyperX’s gaming peripherals portfolio. The acquisition is expected to be accretive on a non-GAAP basis to HP in the first full year following closing. “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. 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.” Read more in our articles including "HP to acquire HyperX for USD 425 million" and "KiQ intros cheaper UNLI data, physical SIM".