SEOUL, July 20 (AJP) -Blackstone has bought a majority stake in South Korean actuator and motion-control technology company Futronic in a deal that values the Busan-based company at about 1 trillion won ($720 million), according to multiple local media outlets.
The two companies are yet to announce the deal or disclose the financial terms.
The investment is being made in partnership with Futronic founder and Chairman Ko Jin-ho, who will remain chairman and chief executive officer to lead the company's next phase of global expansion alongside Blackstone.
Founded in 1993, Futronic has grown into a key supplier of actuators and motion-control systems for the global automotive industry, working with leading original equipment manufacturers from the early engineering and development stages.
The company has broadened its business beyond traditional automotive applications into next-generation mobility, including humanoid and general-purpose robotics, reflecting rising demand for precision motion-control technologies.Futronic operates primarily from South Korea and the United States while continuing to expand its global manufacturing and customer base.
Its client roster includes major global automakers such as General Motors, Ford, Volvo, Mercedes-Benz, Volkswagen, Nissan and Hyundai Motor, as well as several leading Chinese vehicle manufacturers. The company employed 216 people as of April 2026.
Copyright ⓒ Aju Press All rights reserved.
