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AI News from ET - Blackstone invests in South Korean robotics supplier Futronic

Vishwadeep Khatri
in AI News & Two Lenses

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Blackstone 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.

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