Latest Festo News & Updates

See the latest news and media coverage for Festo. We track all announcements, press releases, and industry mentions in real time, all in one place.

Festo

Industrial automation and technical education provider

festo.com

Headquarters: Esslingen, Germany
Founded year: 1925
Company type: Private company
Number of employees: 10,000+

Last updated Today

Latest news about Festo

In short: Festo reported a stable 2025 turnover of €3.33 billion and launched a transformation program involving 1,300 job cuts in Germany.

Company announcements

May 8 Festo

Festo launches transformation program

It aims for sustainable growth, competitiveness, and cuts 1,300 positions in Germany amid market challenges.

April 27 Festo

Festo showcases automated CAR-T-cell therapy production

They collaborate with Fraunhofer IPA using Festo technology to scale personalized cancer treatments.

April 21 Festo

Festo reports stable 2025 financial performance

Turnover reached €3.33 billion despite challenges. Growth occurred in Americas, Europe, and India. New R&D board member joins in 2026.

April 17 Festo

Festo reports solid 2025 financial results

Turnover declined 3.7% to €3.33 billion amid challenges. Focuses on Seamless Automation with over 8% R&D investment and structural development for 2026 growth. New R&D board member appointed.

Media coverage

June 3 The Robot Report

Festo launches lightweight pneumatic gripper and tests GripperAI - The Robot Report

Festo has released a compact cobot gripper, and its robot-agnostic GripperAI enables grasping of objects without prior training.

May 24 Stuttgarter Zeitung

Job cuts at Festo: "Trust betrayed": IG Metall directs harsh words against company policy - Esslingen district

"Trust betrayed": IG Metall and employees announce resistance to the announced job cuts. What is it about?

May 18 Handelsblatt

Family business: This man costs every sixth Festo employee the job

The manager has established himself as a specialist for family businesses. For his growth strategy at Festo, he first has to cut back. Can that go well?

May 15 Saarbrücker Zeitung

St. Ingbert: Festo unclear how many jobs will be cut

1,300 jobs are to be cut nationwide at Festo. How severely St. Ingbert is affected remains open despite the works meeting on Tuesday.

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