Blackstone, the world's largest alternative asset manager, is making a big investment in Futronic, a 33-year-old automotive supplier whose motion-control technology has been adapted for industrial and humanoid robots, according to Reuters.
The deal values the South Korean firm at about 1 trillion won ($676.04 million), according to a person with knowledge of the matter. -RTRS
The deal comes just ahead of the expected rise of physical AI, with forecasts from top desks indicating that global robot deliveries could begin ramping up later this year before accelerating more materially in 2027.
A recent Deutsche Bank report shows that global shipments are poised to surge.
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