About Festo
Festo is a company based in Esslingen Am Neckar (Germany) founded in 1925. The company has 699 employees as of August 01, 2024. Festo has completed 1 acquisition, including Fabco-Air. Festo offers products and services including Cartesian Robots, Valve Terminal, and Handling Guide Online. Festo operates in a competitive market with competitors including Vicarious, Agile Robots, Yaskawa, Gecko Robotics and Universal Robots, among others.
- Headquarter Esslingen Am Neckar, Germany
- Employees 699 as on 01 Aug, 2024
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Sectors
Industrial Goods & Manufacturing
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Phone
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Website
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Social
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- Legal Name Festo India Private Limited
- Date of Incorporation 03 Feb, 1986
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$115.4 M (USD)35.64as on Mar 31, 2022
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Net Profit
$9.38 M (USD)98.69as on Mar 31, 2022
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EBITDA
$11.93 M (USD)71.29as on Mar 31, 2022
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Latest Funding Round
$27.95 K (USD), Grant
Jan 15, 2020
- Investors
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Employee Count
699
as on Aug 01, 2024
- Investments & Acquisitions
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Products & Services of Festo
Festo offers a comprehensive portfolio of products and services, including Cartesian Robots, Valve Terminal, and Handling Guide Online.
Automated systems for handling and performance optimization in industries
Technology for evolving machine builder requirements in automation
Guide for designing and implementing handling systems efficiently
Funding Insights of Festo
Investors in Festo
Festo has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Investor details for Festo
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Investments & Acquisitions by Festo
Festo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Fabco-Air.
Investment portfolio details for Festo
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Manufacturer of cylinders, rotary actuators, slides, grippers and valves
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Complete acquisition details for Festo
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
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Financial Statements - Festo
Detailed financials for Festo
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Festo Comparisons
Peer comparison for Festo
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Competitors of Festo
Festo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vicarious, Agile Robots, Yaskawa, Gecko Robotics and Universal Robots, among others.
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AI-based robotic arms are developed for industrial automation tasks.
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Deep learning-based vision for autonomous robot perception is provided.
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Motion control, robotics, and system engineering solutions are provided globally.
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Wall-climbing robots are developed for boiler inspections at power plants.
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Collaborative robot arms are provided for industrial applications.
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Provider of pick and place robotic solutions
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Detailed competitors of Festo
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Latest news on Festo
Complete news archive for Festo
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Frequently Asked Questions about Festo
Festo was founded in 1925 and raised its 1st funding round 89 years after it was founded.
Festo is headquartered in Esslingen Am Neckar, Germany. It is registered at Esslingen Am Neckar, Baden-wurttemberg, Germany.
Thomas Bock is the current CEO of Festo.
As of Aug 01, 2024, the latest employee count at Festo is 699.
Annual revenue of Festo is $115.4M as on Mar 31, 2022.
Festo was founded in 1925 in Esslingen am Neckar, Germany, and operates in the industrial automation sector. Solutions for factory and process automation are designed, developed, and supplied worldwide. Pneumatic, servo-pneumatic, and electrical drive technologies are integrated with valves and manifolds. Sensors, compact-camera systems, and controllers are used to enable control chain communications. Research into bio-inspired robotics is pursued to replicate motions of organisms like ants and butterflies.
Festo's top competitors include Vicarious, Universal Robots and Yaskawa.
Festo offers Cartesian Robots, Valve Terminal, and Handling Guide Online.
Festo has made 1 acquisition, including Fabco-Air.
Festo has 1 investor. Key investors include European Union.