HD Hyundai Merge Construction Equipment Divisions

HD Hyundai introduced the merger of its development tools divisions to create a brand new firm, tentatively named HD Building Gear, efficient Jan. 1, 2026.

The merger will mix HD Hyundai Infracore (DEVELON) and HD Hyundai Building Gear. The Hyundai and DEVELON manufacturers will proceed to coexist. The 2 corporations at the moment function independently in North America by way of distinct seller networks. The impartial model and seller community construction will stay in place.

Pending shareholder approval and regulatory overview, the merger will create a stronger world development tools enterprise whereas sustaining the present success for the DEVELON and Hyundai manufacturers in North America.

HD Building Gear“Whereas this merger creates a extra highly effective world entity, we’re dedicated to making sure stability and continuity for our sellers and clients in North America,” says WH Kim, CEO of DEVELON North America. “Our sellers will proceed to work with the identical workers they do as we speak, and the DEVELON and Hyundai manufacturers will proceed to be robust, impartial forces available in the market.”

The benefits of merging the 2 corporations embody the next:

• Offering higher value competitiveness by way of elevated scale.
• Rushing up innovation in sensible and electrified tools.
• Enhancing provide chain effectivity and product high quality.
• Increasing aftermarket help, together with components and repair.
• Rising the product lineup, starting from compact to ultra-large machines.
• Constructing on the expansion of engine gross sales and aftermarket providers.