Foun­tain Val­ley, Calif. – Febru­ary 24, 2021 – King­s­ton Tech­no­lo­gy Com­pa­ny, Inc., a world lea­der in memo­ry pro­ducts and tech­no­lo­gy solu­ti­ons, today announ­ced a defi­ni­ti­ve agree­ment to sell HyperX, its gam­ing divi­si­on to HP Inc. The acqui­si­ti­on sup­ports HP’s stra­tegy to dri­ve growth in its Per­so­nal Sys­tems busi­ness, whe­re gam­ing and peri­pherals are attrac­ti­ve seg­ments. HyperX’s award-win­ning pro­duct port­fo­lio spans a ran­ge of gam­ing peri­pherals, inclu­ding head­sets, key­boards, mice, mou­se pads, USB micro­pho­nes, and con­so­le accessories.

“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. “We con­ti­nue to advan­ce our lea­der­ship in Per­so­nal Sys­tems by moder­ni­zing 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.”

PC gam­ing con­ti­nues to be one of the most popu­lar forms of video gam­ing, with the PC hard­ware indus­try anti­ci­pa­ted to be worth $70 bil­li­on by 2023. The glo­bal peri­pherals mar­ket is expec­ted to grow to $12.2 bil­li­on by 2024, with gam­ing peri­pherals repre­sen­ting a dis­pro­por­tio­na­te share of this growth.

“HyperX pro­ducts are desi­gned to meet the most rigo­rous demands of all gamers – from casu­al to the most hard­core – giving them a win­ning edge and hel­ping them stay on top of their game,” said John Tu, Co-foun­der and CEO, King­s­ton. “Both of our com­pa­nies thri­ve becau­se we focus on our employees and share the same core values and cul­tu­re. 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.”

HP has built a lar­ge and gro­wing glo­bal gam­ing port­fo­lio in recent years, led by its OMEN brand and a world-class eco­sys­tem of hard­ware, soft­ware, con­tent, and ser­vices. The com­pa­ny con­ti­nues to push pro­gres­si­on in gam­ing with powerful devices like the OMEN 15 gam­ing lap­top and the HP Pavi­li­on Gam­ing 16 lap­top. Bey­ond devices, HP is dri­ving soft­ware inno­va­ti­on with OMEN Gam­ing Hub, a desti­na­ti­on for play­ers to con­nect, cus­to­mi­ze, and explo­re their gear and games. Adding HyperX to HP’s broa­der gam­ing eco­sys­tem will deli­ver inno­va­ti­ve new expe­ri­en­ces across ever­y­thing gamers see, hear, and touch.

Under the terms of the agree­ment, HP will pay $425M, sub­ject to cus­to­ma­ry working capi­tal and other adjus­t­ments, to acqui­re HyperX’s gam­ing peri­pherals port­fo­lio. King­s­ton will retain the DRAM, flash, and SSD pro­ducts for gamers and enthu­si­asts. The acqui­si­ti­on is expec­ted to be accre­ti­ve on a non-GAAP basis to HP in the first full year fol­lo­wing clo­sing. The tran­sac­tion is expec­ted to clo­se in calen­dar Q2 2021, pen­ding regu­la­to­ry review and other cus­to­ma­ry clo­sing conditions.

King­s­ton can be found on:
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King­s­ton Is With You

HyperX can be found on:
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About King­s­ton Tech­no­lo­gy Com­pa­ny, Inc.
From big data, to lap­tops and PCs, to IoT-based devices like smart and weara­ble tech­no­lo­gy, to design-in and con­tract manu­fac­tu­ring, King­s­ton helps deli­ver the solu­ti­ons used to live, work and play. The world’s lar­gest PC makers and cloud-hos­ting com­pa­nies depend on King­s­ton for their manu­fac­tu­ring needs, and our pas­si­on fuels the tech­no­lo­gy the world uses every day. We stri­ve bey­ond our pro­ducts to see the big­ger pic­tu­re, to meet the needs of our cus­to­mers and offer solu­ti­ons that make a dif­fe­rence. To learn more about how King­s­ton Is With You, visit Kingston.com.

About HyperX
For 18 years, HyperX’s mis­si­on has been to deve­lop gam­ing solu­ti­ons for every type of gamer and the com­pa­ny is con­sis­t­ent­ly reco­gni­zed for deli­ve­ring pro­ducts that pro­vi­de supe­ri­or com­fort, aes­the­tics, per­for­mance, and relia­bi­li­ty. Under the tag­li­ne of “WE’RE ALL GAMERS,” HyperX gam­ing head­sets, key­boards, mice, USB micro­pho­nes, and con­so­le access­ories are the choice of ever­y­day gamers as well as cele­bri­ty ambassa­dors, pro gamers, tech enthu­si­asts, and over­clo­ckers world­wi­de becau­se they meet the most strin­gent pro­duct spe­ci­fi­ca­ti­ons and are built with best-in-class components.

Editor’s Note: For addi­tio­nal infor­ma­ti­on, eva­lua­ti­on units or exe­cu­ti­ve inter­views, plea­se cont­act David Leong, King­s­ton Tech­no­lo­gy Com­pa­ny, Inc. 17600 New­ho­pe Street, Foun­tain Val­ley, CA USA 92708, 714–438-1817 (Voice). Press images can be found in Kingston’s press room here.

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King­s­ton, the King­s­ton logo, HyperX and the HyperX logo are regis­tered trade­marks of King­s­ton Tech­no­lo­gy Cor­po­ra­ti­on in the U.S. and/or other count­ries. Iron­Key is a regis­tered trade­mark of King­s­ton Digi­tal, Inc. All rights reser­ved. All trade­marks are the pro­per­ty of their respec­ti­ve owners.

Media Cont­acts:
David Leong
King­s­ton Tech­no­lo­gy, Co., Inc.
714–438-1817
david_leong@kingston.com

Mark Tekunoff
HyperX
714–438-2791
mark_tekunoff@hyperxgaming.com

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Sources: VGA24/7, DFC­int, New­Zoo, Steam — https://www.wepc.com/statistics/pc-gaming/

About King­s­ton Tech­no­lo­gy Com­pa­ny, Inc.

Foun­ded in 1987, King­s­ton Tech­no­lo­gy Cor­po­ra­ti­on offers a wide ran­ge of qua­li­ty memo­ry pro­ducts and ser­vices desi­gned for increased pro­duc­ti­vi­ty and over­all sys­tem per­for­mance. Through its owner­ship of King­s­ton Tech­no­lo­gy Com­pa­ny, Inc. and King­s­ton Digi­tal, Inc., King­s­ton Tech­no­lo­gy Cor­po­ra­ti­on is one of the world’s lea­ding manu­fac­tu­r­ers of memo­ry modu­les and digi­tal media products.

Editor’s Note:

For addi­tio­nal infor­ma­ti­on, eva­lua­ti­on units or exe­cu­ti­ve inter­views, plea­se cont­act David Leong, King­s­ton Tech­no­lo­gy Com­pa­ny, Inc., 17600 New­ho­pe Street, Foun­tain Val­ley, CA USA 92708, 714–438-1817 (Voice). Press images can be found in Kingston’s press room at kingston.com/company/press/

King­s­ton and the King­s­ton logo are regis­tered trade­marks of King­s­ton Tech­no­lo­gy Cor­po­ra­ti­on. All rights reser­ved. All other marks may be the pro­per­ty of their respec­ti­ve titleholders.