Festo AG is a global player and an independent family-owned company with headquarters in Esslingen am Neckar, Germany. The company supplies pneumatic and electrical automation technology to 300,000 customers of factory and process automation in over 40 industries. The products and services are available in 176 countries. With about 18,800 employees in over 250 branch offices in 61 countries worldwide, Festo achieved a turnover of around 2.74 billion in 2016. Each year around 8 % of this turnover is invested in research and development and 1.5% is invested in basic and further training.