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In the 2020 financial year, the Festo Group had to cope with a 7.5% decline in turnover due to the pandemic, but was able to close with an overall operating result above the previous year. The workforce was also guided through the crisis in a stable manner. After a strong first quarter, the company expects a catch-up year in 2021. With smart and intelligent products as well as digital learning platforms, Festo supports the structural change in industry and society–from electromobility to vaccine production and laboratory diagnostics to energy efficiency and climate-neutral production.

JAI, a leading global camera manufacturer, appoints Michael Lisby Jensen as new CEO. Jorgen Andersen takes over the role as chairman of the board.

"We create visions and subject them to technical testing," said Prof. Martin Ruskowski, Chair of SmartFactory Kaiserslautern. "So it is with the GAIA-X project and also for Production Level 4 and the digital Hannover Messe. As researchers, we are always in unexplored territory. But, we do not let that deter us."

Insight Partners joins Altira Group, Chevron Technology Ventures, Cisco Investments, Saudi Aramco Energy Ventures, and Second Avenue Partners to fund Seeq product and market expansion.

Process control and industrial automation provider Yokogawa has launched its state-of-the-art technology manufacturing center at the King Salman Energy Park (SPARK) Digital Hub.