Blackstone agrees to invest an undisclosed sum in South Korea-based Futronic, which makes actuators used in industrial robots, sources say at a ~$675M valuation (Manuel Baigorri/Bloomberg)
Blackstone is taking a stake in Futronic at a valuation sources put near $675 million.
Futronic is based in South Korea and supplies high-precision actuators. The parts are used in industrial robotics and the automotive sector. The size of Blackstone’s investment was not disclosed. Techmeme's note
Futronic is based in South Korea and supplies high-precision actuators. The parts are used in industrial robotics and the automotive sector. The size of Blackstone’s investment was not disclosed. Techmeme's note
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