Esslingen, Germany
Festo, a significant player in the Automation industry, is a family-owned enterprise founded in 1925 with headquarters in Germany. As a global leader, the company serves 300,000 customers across more than 35 industries. Festo is dedicated to contributing to sustainable environmental, economic, and societal development by providing advanced pneumatic and electrical automation technologies.
The company's financial performance is notable, with a turnover of approximately €3.36 billion in 2021, of which 7% is reinvested into Research and Development, and 1.5% is dedicated to employee training through their subsidiary, Festo Didactic SE. Their LifeTech sector, focusing on medical technology and laboratory automation, is expanding in importance.
Employing around 20,700 individuals in 250 branch offices globally, Festo maintains a strong international presence, offering products in over 176 countries. Despite not having recent investor funding, their robust infrastructure and ongoing commitment to innovation position them as a valuable entity in the global automation landscape.
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