The NDS-Plant division was set up in November after Network Rail rescued equipment supplier Hydrex from administartion saving 531 jobs.
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: “The purchase of Hydrex’s rail division secured hundreds of jobs and meant Network Rail and its partners could deliver the vast majority of planned maintenance, renewals and enhancements across the rail network over the busy Christmas and New Year period.
“My thanks go to the transferred Hydrex staff and the NDS-Plant management team for their efforts in ensuring this much-needed continuity.
“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.