Blackstone will invest in Korean robot supplier Futronic

The private equity fund under Blackstone's banner will make a “significant investment” in Futronic, a Korean robot supplier, without disclosing the exact amount. The founder of Futronic, Gao Jin Ho, will continue to serve as Chairman and Chief Executive Officer and will work with Blackstone to accelerate the globalization of the company. “The Black Stone, like us, is committed to providing the most advanced integrated solutions for electromechanical power to our distinguished clients and partners. Their unique size and global platform will help to drive our expansion and to consolidate our leadership in the area of driving and campaigning for solutions, “Gorge Township. Futronic was established in 1993 to produce high-precision implementers for automobiles and industrial robots. In recent years, the company has expanded its operations to new and emerging areas of the market, including human-shaped and general-purpose robots. Eugene Cook, head of Blackstone private equity in Korea, stated that Futronic ' s research and development and engineering capabilities had made it a good place in the rapid growth of the automobile and robot markets. As AI entered the physical world, Blackstone argued that Futronic expertise in executive and movement control would be an important driving force. Kim Xian