SynopsisBlackstone has invested in Futronic, a South Korean supplier of high-precision actuators serving ​automotive and industrial robotics sectors. The deal values the company at approximately 1 trillion won ($676.04 million). 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.AgenciesBlackstone 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. 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) ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now