Family-owned company Festo: focused on values and the long term for three generations

Festo, a family-owned company

Sustainable and value-led for three generations

As a third-generation family-owned company, we are financially independent and socially committed. We therefore think and act for the long term – in generations, not financial years. Our values provide us with guidance on how we can structure our company together. They determine how we act and how we treat each other.

From tradition to innovation

Curiosity, courage and adaptability are not new concepts for Festo. They have always been part of our DNA. We want to be at the forefront so that we are equipped to handle the constantly changing requirements in our market.

Despite the many change that our company has experienced, one aspect has remained constant throughout its long history: we have always been an independent family-owned company and will remain so in the future.

Think sustainably, act responsibly

We are financially independent and are committed to the long term, not the short-term maximisation of profits. As markets change faster than ever before and cycles for new products and technologies become increasingly shorter, healthy and strategically planned growth remains a critical factor for our success in the long term.

We therefore think and act for the long term. This provides not just our employees, but also our customers, partners and suppliers with a firm sense of security.

As an international company that is firmly rooted, we base our actions on an integrated perspective. We take responsibility for our actions globally and locally, and want to use new technologies, knowledge and education to contribute to the quality of life and conservation of resources wherever we operate.

Our values form the basis of how we treat each other

Our values are an important guide for us in our day-to-day cooperation. All employees worldwide were involved in their development. At Festo, we want to everyone to stand out by living the values. They are the foundation on which we want to build our further development in a fast and global world.

We are ambitious.

As a proudly independent family-owned company, we shape our destiny and are relentless in our pursuit of success. We have high expectations of ourselves and others and harness the passion and experience of our people to deliver top class performance.

We are determined.

As a driver and shaper or our market, we meet challenges with courage and determination. We make clear decisions and implement them thoroughly. When we make mistakes, we find out why and learn for the future.

We are visionary.

We are determined to develop intelligent and intuitive solutions. For this reason we look beyond our own horizons to learn the current and future challenges of our customers and markets and the actions of our competitors. Our structured cooperation over all disciplines leads to strengths and knowledge in invention and innovation.

We value each other.

Our diversity is a core strength that enriches Festo. To ensure trust, we foster open openness and mutual respect. We resolve conflicts quickly and cooperatively, we treat each other with respect and learn from each other's perspective.

We are dependable.

We expect and believe in the personal responsibility of our employees and colleagues. Engagement and dependability are therefore key characteristics of the way we work. When we cannot keep to our commitments we communicate this early and seek alternative solutions.