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February 09, 2016 7:43 PM ET

Machinery

Company Overview of Festo Corporation

Company Overview

Festo Corporation manufactures and supplies automation technology products. It offers pneumatic actuators, servo-pneumatic positioning systems, electromechanical components, handling systems, valves, valve terminals, sensors, image processing products, compressed air preparation products, pneumatic connection technology products, electrical connection technology products, control technology and electrical peripherals, and ready-to-install solutions. The company also provides on-site services, such as commissioning, fault finding and fault clearance, replacement of components, maintenance, system inspection, and product briefing; energy saving services; compressed air consumption analysis; lo...

395 Moreland Road

Hauppauge, NY 11788

United States

Founded in 1925

Phone:

631-435-0800

Fax:

631-435-8026

Key Executives for Festo Corporation

President
Chairman of the Supervisory Board and Chairman of the Supervisory Board of Festo AG & Co KG
Vice-Chairman of the Supervisory Board and Deputy Chairman of the Supervisory Board of Festo AG & Co KG
Director of Engineering
Chairman of the Management Board
Age: 53
Compensation as of Fiscal Year 2015.

Festo Corporation Key Developments

Festo Corp. Plans to Lay Off 75 Employees At Its Two Operations in Hauppauge

Festo Corp. announced that it plans to lay off 75 employees at its two operations in Hauppauge as it moves factory and warehouse work to Ohio. The company reported that 33 workers would be let go at the 395 Moreland Rd. factory and another 42 at the 430 Wireless Blvd. warehouse. Festo, intends to shift a total of 120 jobs to the Cincinnati area from its local payroll of 270. Festo, which is based in Germany, intends to shift a total of 120 jobs to the Cincinnati area from its local payroll of 270.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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