HP’s $425 million acquisition of hyperx

HP announced today that it is acquiring hyperx from Kingston, the parent company of hyper X.

Under the terms of the deal, HP will pay $425 million for the brand, including a variety of hyper x products, such as headphones, keyboards, mice, microphones and so on. However, the deal does not include hyper

HP's $425 million acquisition of hyperx

X’s memory and storage product line (SSD, etc.).

Enrique lores, President and CEO of HP, said:

“Hyper x is a leading brand in the field of peripherals. Their technology has won the trust of players all over the world. We are very excited to welcome their outstanding team to the HP family.

We will continue to enhance our leading position in the field of personal systems through modern computing experience and expanding valuable ancillary products. We see significant opportunities in a large and growing market for peripherals, and the addition of hyperx will drive innovation and growth in our business. “

John Tu, co-founder and CEO of Kingston, said that he and Kingston coo David

Sun “sees the possibilities of hyperx’s business and its employees and realizes that this will bring hyperx a brighter future.”.

The deal is expected to close in the second quarter of this year. HP representatives told us GamesIndustry.biz There are no layoffs in this acquisition.