Blackstone invests in South Korean robotics supplier Futronic

FILE PHOTO: A logo of Blackstone is pictured in Manhattan, New York City, U.S. July 29, 2025. REUTERS/Mike Segar///File Photo

20 Jul 2026 02:05PM

July 20 : Blackstone has invested in Futronic, a supplier of high-precision actuators serving automotive and industrial robotics sectors, the world's largest alternative asset manager said on Monday. The deal values the South Korean firm at about 1 trillion won ($676.04 million), according to a person with knowledge of the matter.Blackstone and Futronic did not immediately respond to requests for comment. Here are a few details:

• Blackstone said that private equity funds affiliated with the alternative investment firm have entered into a definitive agreement to make a significant investment in Futronic.• Futronic’s founder Jin-ho Ko will remain in his role as chairman and chief executive officer and work with Blackstone to accelerate the company’s global growth and end-market expansion.• Blackstone "will help drive our expansion and solidify our leadership in actuation and motion control solutions,” the founder said.($1 = 1,479.2000 won)

Source: Reuters