# Setco Sales Company acquires GTI Spindle Technology

Setco Sales Company, a subsidiary of Holden Industries, acquired the assets of GTI Spindle Technology. The combined entity will offer expanded spindle repair and analysis services to the machine tool industry.

- Type: Acquisition
- Announced: 2023-05-04
- Where: Hebron, Kentucky, United States
- Status: completed
- Products: spindle repair, spindle analysis tools, vibration analysis, condition monitoring, predictive maintenance tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [GTI Spindle Technology](https://endata.com/companies/56022.md) (target)
- [Setco Sales Co.](https://endata.com/companies/57369.md) (acquirer)
- [Holden Industries](https://endata.com/companies/70120.md) (investor)

## Sources

- [gtispindle.com](https://gtispindle.com/setco-sales-company-gti-spindle-technology-unite/), 2023-05-04: "Our two companies have a matched passion for new technology, customer care, and quality."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.