HD Hyundai, headquartered in Seoul, South Korea, will merge its construction equipment divisions to create a new company, tentatively named HD Construction Equipment, effective January 1, 2026.
The merger will combine HD Hyundai Infracore and HD Hyundai Construction Equipment. The Hyundai and DEVELON brands will continue to coexist. The two companies currently operate independently in North America through distinct dealer networks. The independent brand and dealer network structure will remain in place.
Pending shareholder approval and regulatory review, the merger will create a stronger global construction equipment business while maintaining the current success for the DEVELON and Hyundai brands in North America.
The advantages of merging the two companies include the following:
- 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.
DEVELON North America is headquartered in Suwanee, Georgia, and markets the DEVELON brand of heavy and compact construction equipment.
Published August 2025
