Blackstone Inc. agreed to a significant investment in South Korean actuator manufacturer Futronic. The transaction values Futronic at approximately $675 million.
Founder Jin-ho Ko will retain his roles as Chairman and CEO following the partnership. Futronic has provided motion control technology to automotive and industrial sectors since 1993.
The company is currently expanding its portfolio to include humanoids and general robotics. Blackstone intends to use the capital to accelerate Futronic’s global expansion and support growth in automation markets.