Setco announces the purchase of a majority interest in NEO Precision Tech. Co., Ltd., Taichung Taiwan, Taiwan’s premier builder of machine tool spindles and machining heads. After 100 years of serving North America, Setco extended its expertise to the India spindle market in June of 2012 acquiring majority interest in Ultra Precision Spindles Pvt., Ltd. (UPSPL), the largest independent rebuilder of precision machine tool spindles in India. This move further strengthens Setco’s commitment to serving its global customer base.
Filed Under: Machine tool industry + subtractive manufacturing