Blackstone Inc. (BX) has announced a definitive agreement to acquire DarkVision Technologies through funds managed by Blackstone Energy Transition Partners. Shares of Blackstone traded at $128.64, down 0.59%, following the announcement.

The transaction, which expands Blackstone's industrial technology portfolio with advanced infrastructure inspection capabilities, remains subject to customary closing conditions. The financial terms were not disclosed.

Blackstone Adds Advanced Inspection Technology Through DarkVision Acquisition

Blackstone Energy Transition Partners agreed to acquire DarkVision from Koch Engineered Solutions, a business unit of Koch Inc. The companies did not disclose the transaction value.

Founded in 2013, DarkVision develops advanced ultrasound imaging systems for industrial infrastructure inspections. Headquartered in North Vancouver, British Columbia, the company employs approximately 300 people and serves customers across energy and industrial markets worldwide.

DarkVision's technology platform integrates imaging sensors, silicon chips, artificial intelligence models, and visualization software. The company's systems convert ultrasound data into detailed three-dimensional images, enabling operators to identify defects and assess infrastructure conditions with greater accuracy. Unlike surface-only inspection methods such as standard visual or camera-based tools, ultrasound-based non-destructive testing can detect subsurface and internal flaws in pipes, vessels, and wells without requiring equipment disassembly or operational shutdowns — a capability increasingly valued as operators manage aging infrastructure under stricter regulatory and safety standards.

Acquisition Supports Energy Transition and Industrial Growth

The acquisition strengthens the investment strategy of Blackstone Energy Transition Partners across industrial and energy infrastructure markets. The platform has invested more than $29 billion in energy-related businesses globally, and the addition of DarkVision further expands its technology-focused portfolio. Advanced inspection and monitoring technologies have become integral to energy transition infrastructure, where new assets such as hydrogen pipelines, carbon capture facilities, and geothermal installations require rigorous integrity monitoring to meet safety and certification standards.

DarkVision's inspection platform enables operators to detect equipment defects before failures occur, supporting maintenance planning and improving operational efficiency. Industrial companies can strengthen asset reliability and reduce unexpected downtime through the technology.

The transaction also broadens Blackstone's presence in industrial software and infrastructure technology. Following the acquisition's close, DarkVision will continue developing advanced ultrasound inspection solutions, with Blackstone supporting the company's commercial growth and product development.

Strategic Expansion Background

Blackstone manages more than $1.3 trillion in assets across private equity, infrastructure, credit, real estate, and other investment strategies. The firm regularly invests in businesses with scalable technology platforms and continues expanding investments tied to industrial modernization and energy transition.

Koch Engineered Solutions had supported DarkVision's technology expansion prior to the agreement. During that period, DarkVision broadened its inspection capabilities and strengthened customer relationships across global industrial markets, increasing its presence within critical infrastructure inspection.

Financial advisors for the transaction included Stifel and Guggenheim Securities representing Blackstone, with Evercore advising DarkVision. Legal advisors represented both companies throughout the transaction process. Following regulatory approvals and customary closing requirements, Blackstone will add DarkVision to its Energy Transition Partners portfolio.