Blackstone invests in South Korean robotics supplier Futronic

Blackstone has invested in Futronic, a supplier of high-precision actuators serving automotive and industrial robotics sectors, the world’s largest alternative asset manager said on ‌Monday.

The deal ⁠values ⁠the South Korean firm at about 1 trillion won ($676.04 million), according to a person with knowledge of the matter.

Blackstone and Futronic did not immediately respond to requests for comment.