FESTO SE & CO. KG Overview
Company Headquarters: Germany
Founded: 1925
Workforce: ~21,200
Company Working: Festo SE & Co.KG is a global supplier of industrial and process automation solutions. Under its industrial automation division, the company offers actuators, servo motors and drives, industrial robots, pneumatic valves and valve manifolds, sensors, vision systems, and controllers, among other components. Under process automation, the company offers control technology and remote I/O, valve terminals, pilot valves, sensor boxes, positioners, process valves, compressed air treatment, and pneumatic connectors. Festo SE & Co.KG has subsidiaries in over 61 countries, with branch offices in over 250 locations and serves 176 countries worldwide.
Strategy
Festo SE & Co.KG follows an organic growth strategy. The company believes in expanding its market reach by investing in product development and taking part in trade shows to showcase its innovations. It strives to facilitate customer ease in product choice and purchase. Thus, the company became a leading supplier for Direct Pneumatics, an e-commerce site for end-users and original equipment manufacturers (OEMs), to locate and purchase new and hard-to-find pneumatic products easily.
