Danobat is a Spanish cooperative company that is focused on the manufacturing of grinding machines and lathes. It is located in the town of Elgoibar in the province of Gipuzkoa in the Basque Country in Spain.
It is one of Europe's leading machine tool manufacturers, employs more than 600 people and has an annual turnover of around 130 million euros. The name Danobat is a contraction of the Basque words danok and bat, translatable as "All One".
Danobat was founded in the industrial town of Elgoibar in 1954, by 2013, the company's employees are spread out over all branches worldwide.[1] Danobat, part of the industrial branch of the Mondragon Corporation, has a 65-year track record in the development of high-precision grinding machines and lathes and invests 8–10% of its income in innovation.
History
- 1954: Danobat was set up with the aim of offering external grinding operations.[2]