Martinus Group and Yamato Kogyo Complete Strategic 50% Equity Investment in Salix

Martinus Group and Yamato Kogyo Complete Strategic 50% Equity Investment in Salix

3 February 2026
Sydney, Australia 

Martinus Group and Yamato Kogyo Complete Strategic 50% Equity Investment in Salix

Salix Products Pty Ltd (“Salix”) today announced that financial close has been achieved on the strategic partnership between Martinus Group Holdings Pty Ltd (“Martinus Group”) and Yamato Kogyo Co., Ltd. (“Yamato Kogyo”).

Under the transaction, which closed on 2 February 2026, Yamato Kogyo has acquired a 50% equity interest in Salix from Martinus Group. Martinus Group retains the remaining 50%, with Salix now operating as a 50:50 joint venture between the two groups.

The transaction was previously announced in Salix’s press release dated 17 December 2025 titled “Martinus Group Announces Strategic Joint Venture Between Salix and Yamato Kogyo.” Following satisfaction of all conditions precedent, the transaction has now formally completed.

Salix brings 20 years of global turnout and special trackwork experience, including the design, assurance, supply and delivery of complex trackwork systems across multiple international standards and rail applications.

Completion of the partnership marks a significant step in Salix’s evolution as a global turnout and special trackwork platform. Going forward, Salix will work closely with Yamato Kogyo and Martinus Group to accelerate expansion across new and existing international rail markets.