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.