Festo AG is a German manufacturer of industrial equipment and automation systems. The company was established by Gottlieb Stoll and Albert Fezer in 1925. The firm at the outset was specializing in the production of wood processing machinery. During its 90-year history, the company developed and introduced many types of tools and machinery marked by innovative technology and unique qualities. In 2000, the company’s electrical tools division was transformed into an independent firm, Festool.