Blackstone to invest in Korea’s robotics supplier in a $676 million deal
$1.3 trillion U.S. asset manager Blackstone has agreed to invest in South Korea’s supplier of high-precision actuators, Futronic.
Blackstone said Monday private equity funds affiliated with the company entered a definitive agreement to “make a significant investment” in Futronic.
The firm didn’t disclose the size of the investment. However, the deal values the South Korean company at 1 trillion won ($676.04 million), according to people familiar with the agreement.
Futronic has operations in the United States and Korea. The company makes high-precision actuators used in cars, including humanoids and other robots.
Actuators are the components that convert a control signal into physical motion, the parts that let a robot arm move, or a car system adjust.
The agreement was reached in partnership with Futronic founder Jin-ho Ko, who will be retained as the Chairman and Chief Executive Officer, according to the announcement.
The founder said Blackston would “help drive our expansion and solidify our leadership in actuation and motion control solutions.”
Blackstone positions for the robotics boom
Blackstone’s investment in Futronic comes as the global actuator market experiences rapid growth.
The global industrial actuator market was estimated at $30.4 billion last year, according to Global Market Insights. It’s expected to hit $32.5 billion in 2026 and double to $67.7 billion in 2035, driven by rising automation and robotics.
“Humanoids and broader automation are still in the early innings of exponential growth,” said Kyungmin Song, Principal, Blackstone Private Equity, adding that “we believe FUTRONIC’s motion control solutions will be an important enabler of this megatrend.”
Song mentioned that the convergence of AI and the physical world is a “key investment theme” for Blackstone’s Private Equity.
Cryptopolitan reported that both companies intend to build 500 megawatts of computing capacity by 2027, with plans to scale beyond that.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
10-year US Treasury yields approach 5%, US stocks pull back: Goldman Sachs remains bullish against the trend—an “insurance-rate hike” or the restart of the tightening cycle?
This week, the biggest suspense in the Federal Reserve meeting may no longer be whether there will be a rate hike.
Australian Dollar declines to near 0.7150 as hot US inflation data boost case for Fed rate hike
The AI super bull market still has room for imagination, but Wall Street has quietly prepared "two types of insurance": to guard against slow declines eroding returns, as well as to protect from sudden crashes.
Due to rising interest rates and oil prices causing the stock market rally to stall, investors are divided—some worry about a rapid sell-off, while others are concerned about a slow market decline. Some traders have become more creative with bearish strategies, such as buying put options on the Chicago Board Options Exchange Volatility Index or the S&P 500, or using double binary options to bet on a gradual price drop.
Crypto prices
More
