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Festo is a leading international supplier of automation technology with a turnover in 2021 of around €3.35 billion. Festo employs over 20,700 people worldwide and is a proven innovator and problem solver in pneumatic and electrical automation, where it is the performance leader. Festo offers around 30,000 pneumatic and electric products in hundreds of thousands of variants for factory and process automation technology, many of which can be tailored to specific customer needs. Sustainability, reducing its CO2, footprint, digital learning, innovation, performance and speed are the key drivers for the company's future.
Festo’s innovative strength is demonstrated through the launch of around 100 new products every year. The company invests over 7% of its turnover in R&D, resulting in over 2,600 patents held worldwide.
Festo and Industry 4.0 - Festo has engaged with the Industry 4.0 initiative from its inception: as a user, manufacturer and trainer. As a member of the steering group, the company has taken an active role in defining the core standards such as the RAMI model and the Administration Shell. Festo Didactic has installed Industry 4.0 Cyber-Physical Factory training hardware systems in many leading universities and training centres. It also provides Industry 4.0 training courses for change managers and practical workshops for employees. Industry 4.0 technologies such as OPC-UA communications are embedded in the latest generation products. |