HD Hyundai plans to merge its construction equipment divisions at the start of 2026 and create a new company tentatively called HD Construction Equipment.
The merger will combine HD Hyundai Infracore and HD Hyundai Construction Equipment, with the Develon and Hyundai brands continuing to coexist. The brand and dealer network structure for Develon and Hyundai will remain in place in 2026, Develon says.
“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.”
According to Develon, merging the construction equipment divisions will offer several advantages – including greater price competitiveness, speeding up innovation in smart and electrified equipment, enhancing supply chain efficiency and product quality, and expanding aftermarket support.
Stan Park, CEO of HD Hyundai Construction Equipment North America, says Hyundai dealers and customers can be confident in the strength of the Hyundai brand.
“This merger gives the Hyundai and Develon brands the full backing of a powerful global company that expects to exceed $11 billion in sales by 2030,” he says.
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