FUTRONIC signs definitive Blackstone investment agreement
FUTRONIC entered a definitive agreement for a significant investment from funds managed by Blackstone as it expands from automotive actuation into industrial and humanoid robotics.
Evidence notes
- Funds managed by Blackstone entered a definitive agreement to make a significant investment in FUTRONIC.
- Founder Jin-ho Ko will remain chairman and chief executive after the transaction.
Company context
South Korean manufacturer of motors, electronic controls and integrated actuation systems for automotive and robotics applications.