Network Rail finalises purchase of Hydrex’s rail division

Network Rail has completed its purchase of the assets of the rail division of Hydrex Equipment (UK) from its administrators, KPMG.

The purchase includes a transfer of employment for all rail division staff.

Hydrex is claimed to be the largest provider of road-rail vehicles to the rail industry and is a key supplier to Network Rail and its infrastructure contractors.

Network Rail says its purchase of Hydrex’s rail division ends an extended period of uncertainty for Hydrex’s employees, customers and suppliers, while providing continuity of business for the supply of heavy plant to the industry.