Martinus Group Holdings Pty Ltd (“Martinus Group”) today announced that it has successfully completed financial close of its strategic partnership with Yamato Kogyo Co., Ltd. (“Yamato Kogyo”), under which Yamato Kogyo has acquired a 50% equity interest in Salix Products Pty Ltd (“Salix”) from Martinus Group.
The transaction closed on 2 February 2026, following satisfaction of all conditions precedent set out in the share purchase agreement.
The transaction was previously announced in Martinus Group’s press release dated 17 December 2025 titled “Martinus Group Announces Strategic Joint Venture Between Salix and Yamato Kogyo.”
Martinus Group operates as a globally integrated rail infrastructure business encompassing construction, maintenance, manufacturing, haulage and infrastructure development. Completion of the transaction represents a strategic milestone in Martinus Group’s global growth strategy and strengthens its rail products platform through partnership with a world-class Japanese manufacturing group.
Following financial close, Martinus Group will work closely with its joint venture partner, Yamato Kogyo, to accelerate the global expansion of Salix’s turnout and special trackwork business, supporting government- and mining-backed rail infrastructure programs worldwide.
