On July 1, HD Hyundai approved the merger of its two flagship construction-equipment arms—HD Hyundai Construction Equipment (Hyundai brand) and HD Hyundai Infracore (formerly Doosan Infracore, now Develon)—to form a powerhouse named HD Construction Equipment, with consolidated annual sales of approximately USD 6.15 billion. Final shareholder approval is expected on September 16, with the merger set to take effect on January 1, 2026.
This strategic unification is designed to sharpen the group’s global competitiveness by optimizing product lines, reducing costs, and bolstering R&D capabilities—especially in electrified and smart machinery. While the entity will operate under a single corporate umbrella, it will retain the dual-brand strategy of Hyundai and Develon to preserve regional loyalty and dealer network strength.
The newly formed firm is targeting USD 11 billion in revenue by 2030, scaling its lineup across all segments—from compact excavators to ultra-large machines. Key growth drivers include expanded engine manufacturing, strengthened aftermarket services, and integrated global production specialization.
As HD Construction Equipment, the company is poised to emerge as a top-tier global player—backed by scale, innovation, and a clearly defined roadmap for sustainable growth in the fast-evolving construction-equipment landscape.
