TXM Plant announced as new owner of Network Rail (NDS-Plant) / Hydrex
6 November 2012
Today it was announced that Network Rail (NDS-Plant) Ltd has been sold to TXM Plant. The announcement ends a year of speculation and uncertainty for the company and the industry as a whole.
In November 2011 Hydrex went into administration and was purchased by Network Rail. At the time, Hydrex was the largest RRV supplier in the country, owning roughly 300 RRVs and employing over 500 staff. Hydrex continued to operate as a new subsidiary company - Network Rail (NDS-Plant) Ltd. This sale ensured that the large fleet of machines could be used on various infrastructure projects over the busy Christmas/New Year period.
With the Christmas/New Year period over, Network Rail announced that it would be selling this new subsidiary.
Today's announcement may come as a surprise to some observers, but in short, various regulatory constraints meant that the company could not be sold to an existing organisation and the fleet/workforce absorbed or reduced.
Links / Press Releases
Nov 2011 - We've completed the purchase of Hydrex Rail.
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