Add-on Acquisition • Manufacturing

Festo Acquires Fabco-Air

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

Acquisition Context

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.

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

Target Company

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 Overview 1

Buyer

Festo

Esslingen, Germany

Category	Company
Founded	1925
Sector	Machinery
Employees	20,000
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 Context for Buyer	#
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

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