HP will acquire the HyperX storage, headset, and computer accessories business from the Kingston Technology Company. The deal is valued at $ 425 million, HP said in a press release.
Kingston will retain the right to manufacture DRAM, as well as various kinds of drives. It is noted that the deal will be closed in the second quarter of 2021. HP expects the purchase to be profitable one year after the agreement is signed.
For 18 years, HyperX's mission has been to develop gaming solutions for every type of gamer, and the company has been consistently responsible for delivering products that deliver excellence, comfort, aesthetics, performance and reliability.
HyperX, one of the most prominent brands in the market, offering gaming accessories, including a line of headsets called Cloud, which are now among the best selling. In addition to headphones, HyperX offers a wide variety of other gaming peripherals, from gaming keyboards to microphones. With sales of PC gaming peripherals up more than 50 percent in 2020 alone, HP's investment looks like a good investment.