Network Rail Infrastructure Limited has announced it intends to sell its subsidiary, Network Rail (NDS-Plant) Limited, only four months after setting it up.
The NDS-Plant division was set up in November after Network Rail ‘rescued’ equipment supplier Hydrex from administration.
Hydrex was the largest provider of road-rail vehicles to the industry and ‘vital for Network Rail’s Christmas maintenance plans’.
Martin Elwood, director of Network Rail’s National Delivery Service, said:
“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.
MEBO perhaps with all NwR staff being given priority for shares?