A new Elliott company, Elliott Turbomachinery Company, Inc. was created in 1981 after Carrier's acquisition by United Technologies Corporation. Following a management buyout from United Technologies, in 2000 Elliott became a wholly-owned subsidiary of Ebara Corporation, headquartered in Hanada, Japan. The relationship with Ebara began in 1968 when Ebara licensed the technology from Carrier to build Elliott turbines and later, compressors. In 1975, Ebara opened a new factory in Sodegaura, Japan, to build turbomachinery using Elliott's designs. Today, Elliott is again named Elliott Company, and the integrated operations of the Elliott Group provide customers throughout the world with reliable, efficient rotating equipment and service.