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Festo EOOD

Summary

Company ID (NIN)

831630396

Company owner / manager

  • Festo AG

Country

Bulgaria

Capital

672,000

Total assets

2,502,000

Net profit for the period

876,000

Report year

2018

Currency

BGN

Industry

Machinery/Engineering

Southeastern Europe Company Index (SEECI)

What is SEECI?

General information

About Festo EOOD

Festo EOOD, part of the German industrial automation and pneumatics concern Festo GmbH, is a Bulgarian producer of pneumatics, cybernetics and didactics industrial equipment.

 

Last updated on Jan 2, 2020.

Meta info
Status
Active
Legal form
Limited Liability Company
Incorporation date
March 27, 1990
NIN
831630396
Tickers
Stock Exchange
ISIN
Profile last updated
Jan. 2, 2020, 4:27 p.m.
Alternative names

    Festo LLC

History

    1987 – The company is established as Festo Machinex, an Austrian-Bulgarian joint venture with 56% Austrian ownership.

    Mar 27, 1990 – The company acquires the local company Pnevmoavtomatika, a state-owned producer of pneumoautomatic equipment.

    1993 – Festo Machinex changes its name to Festo Bulgaria EOOD.

    Nov 5, 1997 – Festo Bulgaria EOOD increases its subscribed capital to BGL 24,285,600 from BGL 6,228,000.

    Aug 5, 1998 – The company increases its subscribed capital to BGL 531,775,600 from BGL 294,285,600.

    2000 – The company transforms into Festo Production EOOD.

    Aug 1, 2000 – Festo Production EOOD increases its subscribed capital to BGL 671,775,600 from BGL 531,775,600.

    Aug 1, 2000 – The company increases its capital to BGN 877,343.90. Later, the company renames to Festo EOOD from Festo Production EOOD.

    Nov 11, 2014 - Germany-based company Festo AG acquires the 100% stake in Festo EOOD from Austrian Festo GmbH.

     

    Last updated on Jan 2, 2020.

Management

Executives
Stefan Davidkov Ivanov
CEO

Contacts

Address
9, Christopher Columbus Blvd.
1592
Sofia, Bulgaria
Telephones

+359 2 960 07 12
+359 2 960 07 27

Fax

+359 2 960 07 13
+359 2 960 07 23

Emails

festo_bg@festo.com
info_bg@festo.com

Websites
www.festo.bg

Ownership

Name Direct holding Indirect holding Owner type Country
Festo AG 100.0 Company Germany

Subsidiaries and affiliates

Name Direct holding Indirect holding Country

Products and services

Festo EOOD produces:

  • pneumatic drives and pneumatic accessories;
  • positioning systems;
  • cushioning components;
  • handling;
  • vacuum technology;
  • valves and valve terminals;
  • sensors;
  • compressed air preparation;
  • construction units;
  • Actuator Sensor Interface (AS Interface);
  • electromechanical drivers;
  • motors and controllers;
  • grippers;
  • image processing systems;
  • control technology and software.

Capacity

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  • Ownership
  • Employment
  • Financial Information & Key Financial Ratios
and 4,000+
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