September 24, 2016 8:01 PM ET


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





Key Executives for Festo Corporation

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: 54
Compensation as of Fiscal Year 2016.

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.

Similar Private Companies By Industry

Company Name Region
+Vantage Corporation United States
101 Imports, Inc. United States
21st Century Energy, Inc. United States
360 Yield Center, LLC United States
3DOps United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Festo Corporation, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at