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Enex buys Italian Emicon Group

ITALY: Enex Technologies has further expanded its portfolio of “natural” refrigerant focused companies with the acquisition of the Italian Emicon Group and its subsidiaries Emicon AC, Hidros and Ethra Tech.

Founded in 1984, the Emicon Group boasts a range of technologies including heat pumps, close controls for data centres, dehumidification equipment, and chillers with a focus on propane as a natural refrigerant. 

The Emicon Group will join a group combining CO2 refrigeration company Enex, Italian heat exchanger manufacturer Roen Est, Spanish companies Arctic and Kobol, and the French businesses Morgana and Samifi. Enex, itself, was acquired by private equity investor CCC Holdings Europe in 2020.

Emicon has four main factories in Italy – Meldola, Massa Martana, Piove di Sacco, and Cona – covering over 22.000m2, with approximately 200 employees and annual sales of more than €60m. 

“This acquisition shows how we are executing on our plan to acquire eight to 10 companies over 2020-2023, on our way to creating a company with over €300m in revenues,” said Enex Technologies’ chairman Greg Deldicque. 

He added that Enex Technologies was looking to double the Emicon Group’s sales over the next four years. “We are going to follow a process similar to the one which allowed us to triple the sales of Enex over the past two years,” he said.

Related stories:

Enex Technologies expands into France10 October 2022
ITALY: Enex Technologies has announced its expansion into France with the acquisitions of industrial refrigeration company Samifi France and heat exchanger manufacturer Morgana. Read more…

CCC Holdings Europe receives €18m investment – 29 September 2020
ITALY: CCC Holdings Europe, which purchased CO2 refrigeration company Enex and heat exchanger manufacturer Roen Est earlier this year, has received €18m from the Italian Energy Efficiency Fund II (IEEF II). Read more…

Enex to build new CO2 refrigeration plant – 14 June 2022
ITALY: Enex Srl is to establish a new €10m, 7,500m2 factory in Breda di Piave, Treviso, in response to strong growth projections for its CO2 refrigeration equipment. Read more…

Roen Est buys Spanish ammonia specialist – 23 November 2021
ITALY: Heat exchanger manufacturer Roen Est has acquired Spanish refrigeration and air conditioning plant builder Arctic IRE SA. Read more…

CCCHE snaps up CO2 refrigeration pioneer Enex – 15 February 2020
ITALY: Private equity investor CCC Holdings Europe (CCCHE) has followed up the acquisition of Roen Est by signing a deal to buy the pioneering Italian CO2 refrigeration company Enex SrL. Read more…

HVACR investor buys Roen Est – 6 February 2020
ITALY: Roen Est, a heat exchanger manufacturer in Ronchi dei Legionari, near Trieste airport, has been acquired by private equity investor CCC Holdings Europe (CCCHE). Read more…

Private equity firm has HVACR focus – 19 September 2018
USA: A number of former Carrier management personnel are involved in a new private equity firm focused on the HVAC and refrigeration market. Read more…

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