Wednesday, 16 April 2014
masthead+quote+image
Advanced search

Network Rail announces intention to sell subsidiary

Network Rail Infrastructure Limited has announced it intends to sell its subsidiary, Network Rail (NDS-Plant) Limited.

The subsidiary was set up in November 2011 following Network Rail’s purchase of the rail division of Hydrex Equipment (UK) Ltd from its administrators, KPMG.

The purchase, which was approved by the Office for Rail Regulation, included the transfer of employment of all rail division staff and ownership of more than 300 road rail vehicles (RRVs).

Hydrex was the largest provider of RRVs to the rail industry and a key supplier to Network Rail and its infrastructure contractors.

Have your say

Mandatory
Mandatory
Mandatory
Mandatory

My saved stories (Empty)

You have no saved stories

Save this article

Digital Edition

The Engineer March Digital Issue

Poll

The roundtable feature in our current issue looks at issues surrounding graduate recruitment into engineering. Which of the solutions proposed in the feature would make the biggest contribution to boosting the number of graduates finding jobs in engineering and remaining there?

Previous Poll

Europe's largest tidal array in the Pentand Firth off Orkney will eventually generate up to 86MW of power. What will it take for tidal energy to make an appreciable contribution to the UK's energy needs?

Read and comment on the results here