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Corporation
festo.com

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Partners & Customers

9

About Festo

Festo is a worldwide leading supplier of pneumatic and electrical automation technology. Offering industrial and process automation, components and solutions: cylinder, actuator, drive, valve, valve terminal, sensors and compressed air supply.

Festo Headquarter Location

Ruiter Straße 82

Essingen, 73734,

Germany

+49(0)711-347 0

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Latest Festo News

Festo introduces pneumatic cobot arm

May 11, 2022

The Robot Report Festo’s pneumatic collaborative robot will be available in 2023. | Source: Festo Festo announced its pneumatic collaborative robot (cobot) arm at the Festo TechTalk 2022 earlier today. The company plans to make the cobot commercially available in 2023. The cobot uses six pneumatic direct drives, instead of the typical electric motors and mechanical transmission, to move. Each of the six drives consists of a circular chamber with a moveable partition. Differences in air pressure on either side of the partition wall in the chamber cause the it to shift, which then moves the joint. Festo’s pneumatic cobot has many advantages over typical cobots. The high energy density of compressed air means that the cobot can be moved precisely even without complex force-torque sensors. The arm is equipped with precise pressure regulators in the joints, meaning the robot knows when it’s touched by a human and can respond accordingly, according to Festo’s Head of Robotics Christian Tarragona. The cobot has a 670 mm reach and a 3 kg payload. It weight around 17 kg, due to its use of die-cast aluminum. Because all of its relevant systems are integrated into the foot section of the robot, it doesn’t require an additional control cabinet. Festo’s cobot can be programmed similarly to many other cobots on the market. The company’s robotic suite software offers the option of programming the arm with an operating device and predefined skills. The robot can also be programmed with hand-guiding. Getting the cobot ready for pick-and-place tasks can take less than an hour, according to the company. While Festo did not reveal any exact price information during the presentation, Festo CEO Frank Mezler said that the company plans to keep the price lower than an electrically driven cobot. The product comes with the cobot itself, a hand modules, the Robotic Suite and software for intuitive commissioning and programming. Festo was founded in 1925 in Esslingen, Germany, and has been family-owned for three generations. The company offers around 33,000 different products ranging from automation technology to learning systems, training and consulting. About The Author Brianna Wessling Brianna Wessling is an Associate Editor, Robotics, WTWH Media. She joined WTWH Media in November 2021, and is a recent graduate from the University of Kansas. She can be reached at [email protected]

Festo Acquisitions

3 Acquisitions

Festo acquired 3 companies. Their latest acquisition was Fabco-Air on September 27, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/27/2018

$99M

Acquired

1

4/25/2018

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$99M

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10

9/13/2006

Series B

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$99M

$99M

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0

Date

9/27/2018

4/25/2018

9/13/2006

Investment Stage

Series B

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

1

10

0

Festo Partners & Customers

9 Partners and customers

Festo has 9 strategic partners and customers. Festo recently partnered with KYKLO on October 10, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

10/25/2020

Partner

United States

1

9/11/2020

Client

Canada, and Belgium

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10

6/25/2020

Partner

Germany, and Australia

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10

6/17/2020

Partner

Russian Federation

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10

5/19/2020

Distributor

Canada

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10

Date

10/25/2020

9/11/2020

6/25/2020

6/17/2020

5/19/2020

Type

Partner

Client

Partner

Partner

Distributor

Business Partner

Country

United States

Canada, and Belgium

Germany, and Australia

Russian Federation

Canada

News Snippet

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Sources

1

10

10

10

10

Festo Team

5 Team Members

Festo has 5 team members, including current Chief Technology Officer, Benjamin Meyer.

Name

Work History

Title

Status

Benjamin Meyer

Chief Technology Officer

Current

Sven Doerge

Chief Financial Officer

Former

Moritz Stingel

Chief Information Officer

Former

Ken Best

Executive Vice President

Former

Daniel Boese

Senior Vice President

Former

Name

Benjamin Meyer

Sven Doerge

Moritz Stingel

Ken Best

Daniel Boese

Work History

Title

Chief Technology Officer

Chief Financial Officer

Chief Information Officer

Executive Vice President

Senior Vice President

Status

Current

Former

Former

Former

Former

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