HP to acquire HyperX gaming division from Kingston for $425 million

HP Inc. has reached an agreement with Kingston to acquire HyperX. HP wants to pay $425 million for Kingston’s gaming division, which is known for peripherals and headsets. Memory and storage products remain with Kingston.

Kingston releases dram, flash memory and SSDs under the HyperX name, but HP will not get those products with the acquisition. The companies have agreed that those products will remain within Kingston’s portfolio. Whether Kingston will continue to use the HyperX name for this is unknown.

With the acquisition, HP gets the other accessories and the name HyperX. Kingston’s division is known for, among other things, keyboards, mice, headphones and microphones aimed at gamers. HyperX also makes products for console gamers, something HP has not yet done. HP already has its own brand name for game products with HP Omen.

With the acquisition, HP says it wants to expand its ecosystem for gamers. HP expects the acquisition to close in the second quarter. The acquisition has yet to be approved by regulatory authorities.

HyperX products aimed at gamers