HP Inc. Completes Acquisition of HyperX
HP Inc. (NYSE: HPQ) has successfully completed its acquisition of HyperX, the gaming division of Kingston Technology, for $425 million. This strategic move aims to enhance HP’s Personal Systems business by tapping into the growing gaming market. HyperX's product lineup includes a range of gaming peripherals such as headsets and keyboards, which are expected to bolster HP’s market presence. The acquisition is projected to be accretive on a non-GAAP basis in the first year post-closing, signaling potential growth for HP.
- Acquisition of HyperX for $425 million enhances HP's gaming segment.
- Expected to be accretive on a non-GAAP basis in the first full year.
- Strengthens HP’s ability to create innovative computing experiences.
- Risks associated with integrating HyperX and retaining key employees.
PALO ALTO, Calif., June 01, 2021 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ) today 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.
“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.”
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
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