HD Hyundai Construction Equipment and HD Hyundai Infracore merge to launch HD Construction Equipment
HD Hyundai Construction Equipment and HD Hyundai Infracore to Merge, Creating ‘HD Construction Equipment’ with Projected Sales of USD 6.15 Billion
HD Hyundai Construction Equipment and HD Hyundai Infracore will merge to form a new entity: HD Construction Equipment. The combined company will operate with a dual-brand system, continuing to support both the Hyundai and DEVELON construction equipment brands. By 2030, the company aims to exceed USD 11 billion in global sales, positioning itself among the industry’s top-tier players.
HD Construction Equipment will pursue balanced growth across its core business areas, including construction equipment, engines, and aftermarket services—by focusing on the following strategic initiatives:
- Optimizing product lines and regional manufacturing to achieve economies of scale
- Expanding the compact equipment lineup to offer a complete range of construction machinery
- Investing in high-growth areas, such as engine technology and aftermarket services
- Accelerating innovation through electrification, smart equipment, and integrated total solutions
The merger will be carried out through a stock issuance, with HD Hyundai Construction Equipment issuing 0.1621707 new shares of common stock for each share held by shareholders of HD Hyundai Infracore.
Cho Young-Cheol, President of HD Hyundai Site Solution, stated, “This merger marks a critical step toward long-term, sustainable growth. It represents a new chapter in the evolution of Korea’s construction equipment industry and will strengthen our global competitiveness.”