HD Hyundai, based in Seoul, South Korea, plans to merge its construction equipment divisions to create a new company, tentatively named HD Construction Equipment, effective Jan. 1, 2026.
The merger will unite HD Hyundai Infracore and HD Hyundai Construction Equipment. Both the Hyundai and DEVELON brands will continue to operate alongside each other. Currently, the two companies function independently in North America through distinct dealer networks, and this independent brand and dealer network structure will be maintained.
Pending shareholder approval and regulatory review, the merger plans to create a stronger global construction equipment business while keeping the current success of the DEVELON and Hyundai brands in North America.
“While this merger creates a more powerful global entity, we are committed to ensuring stability and continuity for our dealers and customers in North America,” says WH Kim, CEO of DEVELON North America. “Our dealers will continue to work with the same staff they do today, and the DEVELON and Hyundai brands will continue to be strong, independent forces in the market.”
Key advantages of merging the two companies include:
- Providing greater price competitiveness through increased scale
- Speeding up innovation in smart and electrified equipment
- Enhancing supply chain efficiency and product quality
- Expanding aftermarket support, including parts and service
- Growing the product lineup, ranging from compact to ultra-large machines
- Building on the growth of engine sales and aftermarket services
