Dieseko, Movax and Watson & Hillhouse Join Forces Under DevCo Ownership

6 July 2026



Building a Leading Global Piling and Foundation Equipment Platform

Dieseko, Movax and Watson & Hillhouse today announced the formation of a new platform under DevCo ownership, united by a shared long-term ambition: to build a leading global foundation equipment platform. Together, we bring decades of engineering expertise, complementary technologies and trusted customer relationships to create a stronger platform for innovation, sustainable growth and greater customer value.



What This Means for Our Customers

Every day, our equipment helps customers deliver critical infrastructure, construction and energy projects around the world. By bringing together the complementary strengths of Dieseko, Movax and Watson & Hillhouse, we are creating an even stronger platform to support our customers in the years ahead.

Together, we combine specialised equipment, innovative technologies, deep application knowledge and strong service capabilities. This enables us to accelerate innovation, expand our capabilities and deliver an even broader range of solutions across different markets, applications and project needs.

Our ambition is clear: to become the partner of choice by combining world-class technologies, local expertise, responsive service and long-term customer relationships.

Looking Ahead

This marks the beginning of an exciting new chapter.

As we bring our businesses closer together, we will build on the strengths that have made each company successful while creating new opportunities to learn from one another, develop new solutions and create even greater value for our customers.

We look forward to building the future together with our customers, partners and employees.

Learn more

Founding the Future
www.foundingthefuture.org

Dieseko
www.diesekogroup.com

Movax
www.movax.com

Watson & Hillhouse
www.w-h.co.uk

DevCo
www.devco.fi


CUSTOMER FAQ

Q1 What is being announced today?

Dieseko, Movax and Watson & Hillhouse have formed a new platform under DevCo ownership, united by a shared long-term ambition to build a leading global piling and foundation equipment platform.

Q2 What does this mean for customers?

By bringing together the complementary strengths of Dieseko, Movax and Watson & Hillhouse, we are creating a stronger platform to support our customers in the years ahead.

Together, we combine leading engineering expertise, innovative technologies, specialised equipment, deep application knowledge and strong service capabilities. This enables us to accelerate innovation, expand our capabilities and deliver an even broader range of solutions across different markets, applications and project needs.

Q3 What are the benefits for customers?

Our ambition is to become the partner of choice by combining world-class technologies, local expertise, responsive service and long-term customer relationships.

By working more closely together, we can strengthen innovation, share expertise and develop new solutions that create even greater value for our customers.

Q4 Will the brands change?

No. Dieseko, Movax and Watson & Hillhouse will continue operating under their existing brands. Each company brings its own heritage, expertise and strengths to the new platform.

Q5 Why are the companies joining forces?

By combining complementary expertise, technologies and capabilities, we are creating a stronger platform that enables us to innovate faster, broaden our offering and better support customers across a wider range of markets, applications and project needs.

Q6 What will happen next?

This marks the beginning of a new chapter. As we bring our businesses closer together, we will build on the strengths that have made each company successful while creating new opportunities to learn from one another, develop new solutions and create even greater value for our customers.