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Festo, the world’s leading supplier of automation technology and technical education, is deploying its products and services to meet the challenges of digitization and smart production. Established in 1925, the independent, family-owned company based in Esslingen, Germany, has been a driving force in automation for over 60 years. Some 300,000 customers in 176 countries put their trust in the company’s pneumatic and electric drive products and ready-to-install solutions for factory and process automation. In addition, Festo Didactic provides state-of-the-art training solutions for industrial companies and educational institutions. The Festo Group registered sales of €3.1 billion in fiscal 2017 and is represented at 250 locations worldwide with a total of 20,100 employees. About 8% of its annual turnover is invested in R&D.