Website www.festo.com Location Sankt Ingbert | Key people Claus Jessen (CEO) Revenue 2.45 billion EUR (2014) Number of employees 17,800 | |
Founders Gottlieb Stoll, Albert Fezer Profiles | ||
Festo the company
Festo is a German industrial control and automation company based in Esslingen am Neckar, Germany. Festo is an engineering-driven company, producing and selling pneumatic and electrical control and drive technology for factory or process automation. Festo Didactic is a world market leader in industrial education and consultancy. Sales subsidiaries, distribution centers and factories are located in 61 countries worldwide.
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History
Festo was founded in 1925 by Albert Fezer and Gottlieb Stoll. Initially, the company manufactured wood cutting tools and later diversified into the automation industry. A noteworthy early product was the first portable, gasoline-powered chainsaw. In 2000, its portable power tool activities were spun off into an independent company, Festool. In 2002, Festo went to the United States Supreme Court to defend a change to a patent application in Festo Corp. v. Shoketsu Kinzoku Kogyo Kabushiki Co...