HD Hyundai will merge its construction equipment divisions to create a new company, tentatively called HD Construction Equipment.
Effective Jan. 1, 2026, HD Hyundai Infracore (Develon) and HD Hyundai Construction Equipment will combine to create a new company.
The Hyundai and Develon brands will continue to coexist.
“Hyundai dealers and customers can be confident in the continuing strength of the Hyundai brand,” said Stan Park, CEO, HD Hyundai Construction Equipment North America. “This merger gives the Hyundai and Develon brands the full backing of a powerful global company that expects to exceed US$11 billion in sales by 2030.”
The two companies currently operate independently in North America through distinct dealer networks and the independent brand and dealer network structure will remain in place.
Pending shareholder approval and regulatory review, the merger aims to create a stronger global construction equipment business while maintaining the current success for the Develon and Hyundai brands in North America.
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“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,” said 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.”
For HD Hyundai, 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. These products include crawler, wheel and mini excavators; material handlers; log loaders; road builders; dozers; wheel loaders; articulated dump trucks; compact track loaders and attachments for compact and heavy equipment.
There are more than 200 dealer locations in North America.
