HD Construction Equipment. The Korean engines on the stage
HD Construction Equipment is the new entity set to unify HD Hyundai Construction Equipment and HD Hyundai Infracore starting January 1, 2026. This new group will operate with a consolidated revenue of $6.15 billion, bringing together the Hyundai and Develon brands
HD Construction Equipment announced that its two earthmoving divisions, HD Hyundai Construction Equipment (Hyundai) and HD Hyundai Infracore (Develon), will merge to form a new entity, effective January 1, 2026. This new group will boast a consolidated revenue of $6.15 billion.
The decision was made on July 1, 2025, during separate board meetings of both companies. This will be followed by an extraordinary general meeting of shareholders scheduled for September 16, 2025. Additionally, HD Construction Equipment will handle all necessary regulatory reviews.
To diversify its revenue, the company will invest in the development of the promising engine business and the expansion of after-sales activities, focusing on spare parts and maintenance. The DX Series still holds the title of Diesel of the Year. Thanks to its R&D capabilities, HD Construction Equipment aims to secure future growth by developing electrified and smart construction machines, in addition to, of course, integrated global solutions.
Develon and Hyundai became two brands of HD CONSTRUCTION EQUIPMENT
The new company will operate under two brands: Hyundai and Develon. Its core business will be construction equipment, with a strong, strategic integration of engine manufacturing and after-sales services. The company aims to achieve $11 billion in revenue by 2030 through balanced growth across all business areas. This achievement would position it among the global leaders in the sector.
Furthermore, the Group will focus on strengthening structural growth, diversifying revenue streams, and developing future growth engines. These goals will be pursued through a unified decision-making process.
The new entity aims to achieve economies of scale by optimizing its product lines and specializing its production facilities by geographical area. At the same time, by expanding its business in the compact machinery segment, the company intends to create a comprehensive range, offering everything from compact to ultra-heavy models.
