As a first step to being a global supplier for spindles and spindle repairs, in 2012, Setco acquired India’s leading independent spindle repair company Ultra Precision Spindles (UPSPL) to expand product and service offerings in the fast-developing India market. Later in 2012, Setco acquired Taiwan’s leading spindle and milling head technology provider, NEO Precision to be a leader in the ever growing Taiwan/China spindle markets. As part of a continuation strategy of Setco’s expansion into Asia, in 2015, Setco opened spindle service centers in Shanghai, China and Chennai, India. In 2017, Setco further expanded its service offerings by opening a third service center in Delhi, India, and expanded its spindle and milling head offerings by acquiring the intellectual property of Headtec.
While Setco has grown its presence in Asia, it also looked to expand North American support and in March of 2020 Setco opened its first service operation in Ramos Arizpe to support Mexico. In 2023 Setco purchased the assets of GTI Spindle Technology, its largest competitor in the precision repair/rebuild space and a major provider of spindle analysis tools. These acquisitions, demonstrate Setco is committed to being a leader in the global markets they serve.
Setco is owned by Holden Industries, Inc., a 100% Employee-Owned Company headquartered in Deerfield, Illinois, USA. Holden Industries operates four wholly-owned subsidiaries which comprise four core business areas.
Through a strategy of continuous improvement, Setco is dedicated to manufacturing high quality machine tool spindles and slides. It is the responsibility of every employee to ensure that every product shipped meets or exceeds our customer’s needs and expectations for quality and service.