The Blackstone Group has agreed to invest in Futronic, a Korean supplier that produces high-precision actuators for industrial robotics and the automotive industry. Blackstone Group issued a statement on Monday saying that its affiliated private equity fund will make a “significant investment” in Futronic, but no further details were disclosed. According to the statement, Futronic founder Jin-ho Ko will continue to serve as Chairman and CEO and work with Blackstone Group to accelerate the company's global growth. According to people familiar with the matter, the investment valued Futronic at about 1 trillion won. Since non-public information was involved, people familiar with the matter requested anonymity. A representative of the Blackstone Group declined to comment on the valuation.

The Blackstone Group has agreed to invest in Futronic, a Korean supplier that produces high-precision actuators for industrial robotics and the automotive industry. Blackstone Group issued a statement on Monday saying that its affiliated private equity fund will make a “significant investment” in Futronic, but no further details were disclosed. According to the statement, Futronic founder Jin-ho Ko will continue to serve as Chairman and CEO and work with Blackstone Group to accelerate the company's global growth. According to people familiar with the matter, the investment valued Futronic at about 1 trillion won. Since non-public information was involved, people familiar with the matter requested anonymity. A representative of the Blackstone Group declined to comment on the valuation.