Enex Technologies to acquire Emicon Group.

Enex Technologies, a designer and developer of high-efficiency refrigeration systems, agreed to acquire Emicon Group, a provider of heat pumps, close controls for data centers, dehumidification equipment, and chillers. Financial terms were not disclosed. “I am extremely happy to welcome Emicon Group and its strong team of employees to our company. The addition of such a complete portfolio of Commercial Air Conditioning and heating products tailored for natural refrigerants to our company aligns with our passion for offering natural and energy efficient solutions to our customers. 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. Together with Emicon Group’s strong team, ENEX TECHNOLOGIES aspires to double 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," said Greg Deldicque, Enex Technologies Chairman.