Interserve has decided not to sell its equipment services business, which trades as RMD Kwikform, after an eight month review of its options.

The international support services and construction group, which announced the strategic review in February, concluded that retaining ownership remains the best option, both for shareholders and for the business of RMD Kwikform.

The new strategy for RMDK, which contributed 32 per cent of Interserve’s total operating profit in 2015, will focus on strengthening its position where it has market leadership and restructuring operations in some smaller, less attractive markets.

In the UK the plan is to develop a leading position in ground shoring, to complement existing strengths in falsework and formwork.

A statement this morning from Interserve said: “Through the strategic review, the board has concluded that we remain the best owner for RMDK and that retaining RMDK as a core part of the group, with an updated strategy, best maximises value creation for shareholders.

“While some of our end markets face some near term uncertainty, the structural drivers for global infrastructure remain strong.”