HD Hyundai will merge its two construction equipment affiliates to form a new company, tentatively named HD Construction Equipment, effective January 1, 2026.
The merger will combine HD Hyundai Construction Equipment and HD Hyundai Infracore, which manufacture and market the Hyundai and DEVELON brands of construction equipment. The two companies currently operate independently in North America through separate dealer networks. The independent brand and dealer network structure will remain in place.
“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,” said Stan Park, CEO of HD Hyundai Construction Equipment North America.
WH Kim, CEO of DEVELON North America, added, “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.”
Park echoed that sentiment for Hyundai dealers and customers.
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According to the two companies, advantages of the merger for customers include greater pricing competitiveness through increased scale, more and faster product advancements driven through shared resources, and a broadening lineup of products. The new entity also plans to expand aftermarket services.
HD Hyundai Construction Equipment North America offers a full line of crawler excavators, ranging from compact models to heavy excavators; wheeled excavators; wheel loaders; articulated dump trucks; skid steer and compact track loaders; crawler dozers; and hydraulic breakers. Hyundai offers sales, service, parts, and rentals through its network of more than 100 dealerships operating from more than 200 locations across the U.S. and Canada.
DEVELON North America, headquartered in Suwanee, Georgia, markets the DEVELON brand of heavy and compact construction equipment. These products include crawler, wheel, and mini excavators; material handlers; road builders; dozers; wheel loaders; articulated dump trucks; compact track loaders; log loaders; and attachments for compact and heavy equipment. More than 200 DEVELON dealer locations in North America provide sales, parts, and service support.
