<div class=newsTextDataWrapInner><p data-qa-component="item-headline" data-rc-highlight="headline">BENGALURU/HONG KONG (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.</p></div>

<div class=newsTextDataWrapInner><p>The deal values the South Korean firm at about one trillion won (US$676.04 million), according to a person with knowledge of the matter.</p></div>

<div class=newsTextDataWrapInner><p>Blackstone&nbsp;and Futronic did not immediately respond to requests for comment.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Here are a few details:</p></div>

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	<div class=newsTextDataWrapInner><p>Blackstone&nbsp;said that private equity funds affiliated with the alternative investment firm have entered into a definitive agreement to make a significant investment in Futronic.</p></div>
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	<div class=newsTextDataWrapInner><p>Futronic’s founder Jin-ho Ko will remain in his role as chairman and chief executive officer and work with&nbsp;Blackstone&nbsp;to accelerate the company’s global growth and end-market expansion.</p></div>
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	<div class=newsTextDataWrapInner><p>Blackstone&nbsp;“will help drive our expansion and solidify our leadership in actuation and motion control solutions,” the founder said.</p></div>
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<div class=newsTextDataWrapInner><p><em>Uploaded by Liza Shireen Koshy</em></p></div>


BENGALURU/HONG KONG (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.

Blackstone invests in South Korean robotics supplier Futronic

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