Network Rail Infrastructure sells its plant subsidiary
When Hydrex fell into administration in November Network Rail stepped in to rescue the equipment supplier saving 531 jobs and creating the NDS- Plant division.
Hydrex is the largest provider of road-rail vehicles to the rail industry and a key supplier to Network Rail and its infrastructure contractors.
Martin Elwood, director of Network Rail’s National Delivery Service, said: “The purchase of Hydrex’s rail division secured hundreds of jobs and meant Network Rail and its partners could deliver the vast majority of planned maintenance, renewals and enhancements across the rail network over the busy Christmas and New Year period.
“Our plan is to continue to deliver high levels of safety and performance while Network Rail seeks a suitable buyer for NDS-Plant.”
Network Rail is consulting directly with NDS-Plant staff, trade unions, customers, contractors and the Office for Rail Regulation regarding the proposed sale, which will be via an open tender process.