Kingston Technology to Sell HyperX Gaming Division to HP Inc.

Foun짯tain Val짯ley, Calif. Febru짯ary 24, 2021  King짯s짯ton Tech짯no짯lo짯gy Com짯pa짯ny, Inc., a world lea짯der in memo짯ry pro짯ducts and tech짯no짯lo짯gy solu짯ti짯ons, today announ짯ced a defi짯ni짯ti짯ve agree짯ment to sell HyperX, its gam짯ing divi짯si짯on to HP Inc. The acqui짯si짯ti짯on sup짯ports HP셲 stra짯tegy to dri짯ve growth in its Per짯so짯nal Sys짯tems busi짯ness, whe짯re gam짯ing and peri짯pherals are attrac짯ti짯ve seg짯ments. HyperX셲 award-win짯ning pro짯duct port짯fo짯lio spans a ran짯ge of gam짯ing peri짯pherals, inclu짯ding head짯sets, key짯boards, mice, mou짯se pads, USB micro짯pho짯nes, and con짯so짯le accessories.

HyperX is a lea짯der in peri짯pherals who짯se tech짯no짯lo짯gy is trus짯ted by gamers around the world and we셱e thril짯led to wel짯co짯me their out짯stan짯ding team to the HP fami짯ly, said Enri짯que Lores, Pre짯si짯dent and CEO, HP Inc. 쏻e con짯ti짯nue to advan짯ce our lea짯der짯ship in Per짯so짯nal Sys짯tems by moder짯ni짯zing com짯pu짯te expe짯ri짯en짯ces and expan짯ding into valuable adja짯cen짯ci짯es. We see signi짯fi짯cant oppor짯tu짯ni짯ties in the lar짯ge and gro짯wing peri짯pherals mar짯ket, and the addi짯ti짯on of HyperX to our port짯fo짯lio will dri짯ve new sources of inno짯va짯ti짯on and growth for our business.

PC gam짯ing con짯ti짯nues to be one of the most popu짯lar forms of video gam짯ing, with the PC hard짯ware indus짯try anti짯ci짯pa짯ted to be worth $70 bil짯li짯on by 2023. The glo짯bal peri짯pherals mar짯ket is expec짯ted to grow to $12.2 bil짯li짯on by 2024, with gam짯ing peri짯pherals repre짯sen짯ting a dis짯pro짯por짯tio짯na짯te share of this growth.

HyperX pro짯ducts are desi짯gned to meet the most rigo짯rous demands of all gamers from casu짯al to the most hard짯core giving them a win짯ning edge and hel짯ping them stay on top of their game, said John Tu, Co-foun짯der and CEO, King짯s짯ton. 쏝oth of our com짯pa짯nies thri짯ve becau짯se we focus on our employees and share the same core values and cul짯tu짯re. David Sun (Co-foun짯der and COO) and I saw the pos짯si짯bi짯li짯ties for the HyperX busi짯ness and its employees and we both rea짯li짯zed that this chan짯ge brings a brigh짯ter future for HyperX.

HP has built a lar짯ge and gro짯wing glo짯bal gam짯ing port짯fo짯lio in recent years, led by its OMEN brand and a world-class eco짯sys짯tem of hard짯ware, soft짯ware, con짯tent, and ser짯vices. The com짯pa짯ny con짯ti짯nues to push pro짯gres짯si짯on in gam짯ing with powerful devices like the OMEN 15 gam짯ing lap짯top and the HP Pavi짯li짯on Gam짯ing 16 lap짯top. Bey짯ond devices, HP is dri짯ving soft짯ware inno짯va짯ti짯on with OMEN Gam짯ing Hub, a desti짯na짯ti짯on for play짯ers to con짯nect, cus짯to짯mi짯ze, and explo짯re their gear and games. Adding HyperX to HP셲 broa짯der gam짯ing eco짯sys짯tem will deli짯ver inno짯va짯ti짯ve new expe짯ri짯en짯ces across ever짯y짯thing gamers see, hear, and touch.

Under the terms of the agree짯ment, HP will pay $425M, sub짯ject to cus짯to짯ma짯ry working capi짯tal and other adjus짯t짯ments, to acqui짯re HyperX셲 gam짯ing peri짯pherals port짯fo짯lio. King짯s짯ton will retain the DRAM, flash, and SSD pro짯ducts for gamers and enthu짯si짯asts. The acqui짯si짯ti짯on is expec짯ted to be accre짯ti짯ve on a non-GAAP basis to HP in the first full year fol짯lo짯wing clo짯sing. The tran짯sac짯tion is expec짯ted to clo짯se in calen짯dar Q2 2021, pen짯ding regu짯la짯to짯ry review and other cus짯to짯ma짯ry clo짯sing conditions.

King짯s짯ton can be found on:
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King짯s짯ton Is With You

HyperX can be found on:
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About King짯s짯ton Tech짯no짯lo짯gy Com짯pa짯ny, Inc.
From big data, to lap짯tops and PCs, to IoT-based devices like smart and weara짯ble tech짯no짯lo짯gy, to design-in and con짯tract manu짯fac짯tu짯ring, King짯s짯ton helps deli짯ver the solu짯ti짯ons used to live, work and play. The world셲 lar짯gest PC makers and cloud-hos짯ting com짯pa짯nies depend on King짯s짯ton for their manu짯fac짯tu짯ring needs, and our pas짯si짯on fuels the tech짯no짯lo짯gy the world uses every day. We stri짯ve bey짯ond our pro짯ducts to see the big짯ger pic짯tu짯re, to meet the needs of our cus짯to짯mers and offer solu짯ti짯ons that make a dif짯fe짯rence. To learn more about how King짯s짯ton Is With You, visit Kingston.com.

About HyperX
For 18 years, HyperX셲 mis짯si짯on has been to deve짯lop gam짯ing solu짯ti짯ons for every type of gamer and the com짯pa짯ny is con짯sis짯t짯ent짯ly reco짯gni짯zed for deli짯ve짯ring pro짯ducts that pro짯vi짯de supe짯ri짯or com짯fort, aes짯the짯tics, per짯for짯mance, and relia짯bi짯li짯ty. Under the tag짯li짯ne of WERE ALL GAMERS, HyperX gam짯ing head짯sets, key짯boards, mice, USB micro짯pho짯nes, and con짯so짯le access짯ories are the choice of ever짯y짯day gamers as well as cele짯bri짯ty ambassa짯dors, pro gamers, tech enthu짯si짯asts, and over짯clo짯ckers world짯wi짯de becau짯se they meet the most strin짯gent pro짯duct spe짯ci짯fi짯ca짯ti짯ons and are built with best-in-class components.

Editor셲 Note: For addi짯tio짯nal infor짯ma짯ti짯on, eva짯lua짯ti짯on units or exe짯cu짯ti짯ve inter짯views, plea짯se cont짯act David Leong, King짯s짯ton Tech짯no짯lo짯gy Com짯pa짯ny, Inc. 17600 New짯ho짯pe Street, Foun짯tain Val짯ley, CA USA 92708, 714438-1817 (Voice). Press images can be found in Kingston셲 press room here.

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King짯s짯ton, the King짯s짯ton logo, HyperX and the HyperX logo are regis짯tered trade짯marks of King짯s짯ton Tech짯no짯lo짯gy Cor짯po짯ra짯ti짯on in the U.S. and/or other count짯ries. Iron짯Key is a regis짯tered trade짯mark of King짯s짯ton Digi짯tal, Inc. All rights reser짯ved. All trade짯marks are the pro짯per짯ty of their respec짯ti짯ve owners.

Media Cont짯acts:
David Leong
King짯s짯ton Tech짯no짯lo짯gy, Co., Inc.
714438-1817
david_leong@kingston.com

Mark Tekunoff
HyperX
714438-2791
mark_tekunoff@hyperxgaming.com

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Sources: VGA24/7, DFC짯int, New짯Zoo, Steam https://www.wepc.com/statistics/pc-gaming/

About King짯s짯ton Tech짯no짯lo짯gy Com짯pa짯ny, Inc.

Foun짯ded in 1987, King짯s짯ton Tech짯no짯lo짯gy Cor짯po짯ra짯ti짯on offers a wide ran짯ge of qua짯li짯ty memo짯ry pro짯ducts and ser짯vices desi짯gned for increased pro짯duc짯ti짯vi짯ty and over짯all sys짯tem per짯for짯mance. Through its owner짯ship of King짯s짯ton Tech짯no짯lo짯gy Com짯pa짯ny, Inc. and King짯s짯ton Digi짯tal, Inc., King짯s짯ton Tech짯no짯lo짯gy Cor짯po짯ra짯ti짯on is one of the world셲 lea짯ding manu짯fac짯tu짯r짯ers of memo짯ry modu짯les and digi짯tal media products.

Editor셲 Note:

For addi짯tio짯nal infor짯ma짯ti짯on, eva짯lua짯ti짯on units or exe짯cu짯ti짯ve inter짯views, plea짯se cont짯act David Leong, King짯s짯ton Tech짯no짯lo짯gy Com짯pa짯ny, Inc., 17600 New짯ho짯pe Street, Foun짯tain Val짯ley, CA USA 92708, 714438-1817 (Voice). Press images can be found in Kingston셲 press room at kingston.com/company/press/

King짯s짯ton and the King짯s짯ton logo are regis짯tered trade짯marks of King짯s짯ton Tech짯no짯lo짯gy Cor짯po짯ra짯ti짯on. All rights reser짯ved. All other marks may be the pro짯per짯ty of their respec짯ti짯ve titleholders.