MYL

What MYL does

MYL Spindles Group is a Spanish industrial manufacturer and multi-brand spindle repair specialist, founded in 1969 in the Basque Country by Manolo Gil Cengotita. The company produces spindles, electrospindles, vertical grinding spindles, and electro-spindle moulders for CNC machining and grinding applications, and delivers a multi-brand repair service covering more than 20 original equipment manufacturers including DANOBAT, DMG MORI, Mazak, CHIRON, and FRANZ KESSLER (for which MYL is recognised as an official repairer). Its revenue is generated through two streams — proprietary spindle/electrospindle manufacturing and a repair services business — with both hardware sales and professional services models, priced via personalised quote-based contracts rather than public pricing.

The company operates through owned production and service plants in Spain (Basque Country headquarters), Italy (SMZ Italia, acquired in 2018), and China (MYL China, opened in 2025), complemented by a network of sales agents and 2020-era strategic alliances with local partners in 23 countries across Europe, North America, Asia, and Africa. Go-to-market is relationship-driven enterprise field sales aimed at automotive manufacturers and industrial CNC/grinding operators, supported by participation in industry events (GRINDING HUB, CCMT 2026, ELMIA SUBCONTRACTOR) and a corporate website with active news and social channels. The business remains privately held and founder-controlled, with R&D co-financing via the Gobierno Vasco Hazitek program.

Name

MYL

Legal name

MYL Spindles Group

Website

https://myl.es

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

11–50 employees

Short description

MYL Spindles Group is a Spanish manufacturer and multi-brand repair specialist for spindles and electrospindles, serving automotive and industrial CNC/grinding customers across 23 countries via plants in Spain, Italy, and China.

Ownership category

akta.pro rank

Product category

Industrial Spindle Manufacturing

NAICS

Rolling Mill and Other Metalworking Machinery Manufacturing (333519)

SIC

Motors & Generators (3621)

akta.pro primary industry

Spindles & High-Speed Drives (Machine Tool Spindles, High-speed Motors) (IMAGACAL)

Keywords

• Spindle manufacturing
• Electrospindle repair
• CNC spindle services
• Multi-brand spindle repair
• Industrial machining components

Headquarters

HQ city

Mendaro

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Spindle and Electrospindle Manufacturing: Manufacturing of spindles and electrospindles using latest technology, designed to optimize production cycles with high quality and efficiency for industrial applications
2. Spindle Repair Services: Repair services for machining and grinding spindles and electrospindles across multiple brands, providing high-performance solutions with quality guarantee and personalised attention
3. Multibrand Repair Services: Multi-brand spindle repair services allowing customers to service equipment from various manufacturers through a single provider, ensuring maximum quality and reliability

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

MYL Spindles Group designs, manufactures, and sells spindles and electrospindles used in machine tools and industrial machining applications, and provides multi-brand spindle and electrospindle repair, refurbishment, and maintenance services. The manufacturing line covers milling, lathe, grinding, boring, and special-application spindles in standard and custom configurations, while the service line covers multi-brand units including those from Franz Kessler, supported by a digitalized database of over 4,500 spindle references.

Product overview

MYL is a spindle manufacturer and repair service provider offering two core product lines: (1) Spindle Manufacturing — producing spindles, electrospindles, and vertical grinding spindles with latest technology for industrial applications; and (2) Spindle Repair Services — providing multi-brand repair for machining and grinding spindles across multiple manufacturers. The company operates as MYL Group following 2018 integration of SMZ Italia and expanded to MYL China in 2025. Services are delivered through global production and service plants across multiple continents.

Differentiator

Problem solved

Functional benefit

Brands

• MYL Group: Global network of specialists in spindles and electrospindles created in 2018
• SMZ Italia
• MYL China

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core, flagship and minor.

• Local Companies in Multiple CountriescoreChannel Partner/ Reseller/ Distributor · 1 January 2020In 2020, MYL established strategic alliances with local companies in different countries, enabling them to offer repair services globally with local support and faster turnaround times for customers
• SMZ ItaliacoreStrategic or Co-development Partner · 1 January 2018SMZ Italia was integrated into MYL Group in 2018, strengthening the company's international presence and adding to the global network of spindle specialists
• FRANZ KESSLERflagshipStrategic or Co-development PartnerMYL is recognized as an official repairer by FRANZ KESSLER, the world leader in the manufacture of electrospindles. This prestigious recognition validates MYL's quality standards and technical capabilities in spindle repair
• Gobierno Vasco (Basque Government)minorOthersMYL participates in the Hazitek program supported by Gobierno Vasco, receiving R&D project funding (Expediente ZL-2025/00188) for innovation projects

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Franz Kessler: World leader in electrospindle manufacturing and MYL's flagship official-repairer partner. Direct comparability on product category (electrospindles/spindles) and end customers (CNC machine tool builders); differs in that Kessler is primarily an OEM while MYL is a manufacturer + multi-brand service provider.
• Siemens (Motion Control / Motors): Global industrial OEM offering spindle motors, drive systems, and CNC integration as part of a broad automation portfolio. Partial comparability on the motor/electrospindle component, though Siemens competes as a full-stack automation supplier.
• Bosch Rexroth: Large industrial conglomerate offering motors, drives, and spindle technology as part of a broader factory automation portfolio. Comparability is partial: spindle/motor products overlap, but Bosch Rexroth competes across a much wider industrial automation stack.

Direct peers

• Step-Tec: Swiss manufacturer of high-speed motor spindles for machining centres. Directly comparable product portfolio (high-performance spindles for CNC machining) and similar customer profile of precision machining OEMs.
• HSD (HSD SpA): Italian electrospindle and milling head manufacturer serving CNC machine tool OEMs. Closely comparable to MYL on product (electrospindles) and European customer base, with overlapping automotive and machining applications.
• GMN (Paul Müller Industrie GmbH & Co. KG): German manufacturer of high-precision spindles and bearing technology. Comparable as a European specialist in high-speed/high-precision spindles for machine tools and grinding applications.
• IBAG (IBAG Switzerland AG): Swiss manufacturer of high-frequency spindles and grinding spindles. Comparable in spindle/electrospindle manufacturing for grinding and machining applications, with similar industrial customer base.
• Fischer AG (Fischer Spindle Group): Swiss manufacturer of motor spindles and grinding spindles. Comparable product category (motor spindles/electrospindles) and European industrial OEM customer base in precision machining.
• IBAG Bearing & Spindles: Related to IBAG Switzerland; manufacturer of bearings, spindles, and grinding spindles. Comparable in spindle manufacturing for grinding and machining applications.
• Weiss Spindles: German high-speed spindle manufacturer for machining, grinding, and special applications. Direct comparability in spindle product category and European industrial OEM customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mylspindles
• Instagraminstagram.com/myl_spindles

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MYL