Festo

Festo is a global leader in automation technology, specializing in pneumatic and electrical automation systems for factory and process automation across more than 35 industries. Founded in 1925 in Esslingen am Neckar, Germany, the company has grown to generate over $3.7 billion in revenue and employs around 20,000 people worldwide. Festo's core business focuses on motion in automation, which includes pushing, turning, lifting, and positioning workpieces during manufacturing, as well as dosing and pumping in process industries. The company offers a range of automation solutions, including digital technologies and technical training through its Festo Didactic division. Festo serves approximately 300,000 customers globally, spanning sectors such as mechanical engineering, automotive, life sciences, and laboratory automation. With a commitment to innovation, Festo invests about 7% of its annual revenue in research and development, continuously advancing automation technology.