Setco Acquires Assets of GTI Spindle Technology
The acquisition offers opportunities for both growth and expanded capabilities by bringing together Setco’s 111-year tradition of manufacturing and service excellence with GTI’s 26 years of expert precision spindle repair and analysis tools.
Edited by Angela Osborne
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Shown here is a spindle with VibePro Tect installed, 3-Axis sensor and wireless transmitter which transmits collected data to the web app. Photo Credit: GTI Spindle
Setco Sales Co., a subsidiary of Holden Industries, has acquired the assets of GTI Spindle Technology. Setco and GTI are the two largest U.S. spindle repair providers serving all OEM brands globally.
Setco has nine global locations specializing in the repair, design and manufacture of specialty spindles in a wide variety of applications. From its three North American locations in New Hampshire, Illinois and North Carolina, GTI is said to offer excellent service capabilities for spindles, and offers spindle analysis tools such as vibration analysis, condition monitoring, and predictive maintenance tools and services.
The combined experience of Setco’s 111-year tradition of manufacturing and service excellence with GTI’s 26 years of expert precision spindle repair and analysis tools bring tremendous opportunities for both growth and expanded offerings to the machine tool industry.
“Our two companies have a matched passion for new technology, customer care, and quality,” says Jim Broz, Setco president. “We look forward to serving customers with expanded technology and capabilities as our organizations begin to operate together.”
The united talents of GTI and Setco is said to create an organization with tremendous depth in engineering capabilities, locations and equipment. “This move allows us to work together to develop new technologies and deliver faster and better services to the market,” says Tom Hoenig, GTI president. “Both Setco and GTI customers will benefit from this partnership as we move forward.”
