Festo
Festo was founded in 1925 by Albert Fezer and Gottlieb Stoll in Esslingen am Neckar, Germany., initially specializing in wood-processing machinery. The company was named after its founders Albert Fezer and Gottlieb Stoll.
In 1929, Fezer left the company, and the Stoll family assumed full ownership. In the 1950s, under the leadership of Kurt Stoll, the company shifted its focus toward pneumatics for industrial application.
In 1992, the woodworking tools division was separated into a dedicated entity, which eventually became Festool in 2000. While both Festo and Festool remain under the ownership of the Stoll family, they operate as independent corporate groups. Recent expansions include the acquisition of the Swiss Eichenberger Group (2015) to bolster electromechanical drive capabilities and Resolto Informatik GmbH (2018) for advanced Artificial Intelligence in industrial automation.
Sales subsidiaries, distribution centres and factories of Festo are located in 61 countries worldwide.
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