Festo acquires pneumatic components manufacturer Fabco-Air
Acquisition marks the latest in a series of investments aimed at expanding Festo’s North American sales base.0
Pneumatic and electric automation manufacturer Festo, recently announced the acquisition of Fabco-Air, a Florida-based pneumatic and automation components manufacturer. This marks the latest in a series of investments aimed at expanding Festo’s North American sales base.
With their NPT pneumatic cylinders Fabco-Air has been working with both Original Equipment Manufacturers (OEMs) and the Maintenance, Repair, and Operations (MRO) market. The company will remain in Florida and operate independently, working with Festo on sales channel and product catalog integration strategies.
“This new association with Festo provides Fabco-Air with the resources to grow larger and faster than otherwise possible,” said Scot LaMar, Fabco-Air General Manager. “Importantly for our employees and customers, Festo has a similar culture that comes from being a family owned business. It was a key consideration in the decision to join the Festo team.”
Back in May of this year, Festo acquired industrial AI applications company Resolto. The analytics driven firm focuses on machine-oriented interpretation of data results in energy savings as well as the automation of production in an industrial setting.
Furthermore, Festo Didactic—the educational arm of the company—acquired Canadian company Lab-Volt back in 2014. Prior to the merger, Lab-Volt focused on integrated learning systems and modular multimedia education programs in the electronics, electrical and mechanical engineering and telecommunication industries. Now working under the Festo Didactic umbrella, Lab-Volt has shed the name but still offers the Lab-volt line of products alongside Festo’s proprietary line.
“Festo Didactic’s acquisition of Lab-Volt will result in a much stronger presence for both companies in the international market for technical education. It gives all employees at both companies a considerably strengthened basis to develop their product range and to deal with business in the international market,” said Dr. Nader Imani, CEO of Festo Didactic Inc., in 2014.