Elliott Group will integrate operation of Ebara International Corporation’s Cryodynamics Division (EIC Cryo) based in Sparks, Nevada, USA, with its operations in Jeannette, Pennsylvania, USA. Integration of EIC Cryo into Elliott Group will take place over the next 24 months. EIC Cryo will continue to operate under that name and will be one of four business units within Elliott Group – Industrial Products (small steam turbines, steam turbine generators, system packaging, and auxiliary systems); Engineered Products (centrifugal and axial compressors, large steam turbines, hot gas expanders); Global Service (service centers, field service, engineered solutions, spare parts); and EIC Cryo (cryogenic pumps and expanders).
“After careful review, we recognized the shared synergies in markets, product lines, and customer base,” said Tadashi Urata, CEO of Ebara International Corp. “The integration of EIC Cryo into Elliott will improve efficiency, provide a simplified customer experience, and preserve shareholder value.”
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