Festo, the world’s leading supplier of automation technology and technical education, deploying its products and services to meet the challenge of smart production for the future in the course of digitalisation. The company also relies on artificial intelligence and machine learning. Established in1925, the independent family-owned company based in Esslingen a.N., Germany, has been a driving force in automation for over 60 years and with its unique range of offers has become the world market leader in technical education. 300,000 customers worldwide in factory and process automation put their trust in the company’s pneumatic and electric drive solutions. In addition, Festo Didactic provides state-of-the-art training solutions for 56,000 industrial companies and educational institutions throughout the world. The Festo Group registered sales of€3.81 billioninthe2022 financial year and is represented at 250 locations throughout the world with a total of 20,800employees. 7% of its annual turnover are invested in research and development.