M&A Deal Summary

Festo Acquires Fabco-Air

On September 27, 2018, Festo acquired manufacturer Fabco-Air

Acquisition Highlights
  • This is Festo’s 1st transaction in the Manufacturing sector.
  • This is Festo’s 1st transaction in the United States.
  • This is Festo’s 1st transaction in Florida.

M&A Deal Summary
Date 2018-09-27
Target Fabco-Air
Sector Manufacturing
Buyer(s) Festo
Deal Type Add-on Acquisition

Target

Fabco-Air

Gainesville, Florida, United States
Fabco-Air is a manufacturer of pneumatic automation components. Fabco-Air’s NPT pneumatic cylinders are applied by OEMs on new machinery and systems as well as replacement components in the Maintenance, Repair, and Operations (MRO) market.

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Buyer(S) 1

Buyer

Festo

Esslingen, Germany
Category Company
Founded 1925
Sector Machinery
Employees20,000
Revenue 3.2B EUR (2020)
DESCRIPTION

Festo is a global producer and supplier of pneumatic and electrical automation technology to customers of factory and process automation. Festo was formed in 1925 and is headquartered in Esslingen, Germany.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Mergr

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