François Audo, CEO of Enex Technologies
François Audo. Photo via Enex Technologies.

François Audo Appointed CEO of Enex Technologies

Audo was most recently a VP and Managing Director at Carrier and brings 30 years of industry experience to the role.

Enex Technologies, an Italy-based HVAC&R manufacturer, has announced the appointment of François Audo as its new CEO.

Audo joins Enex from Carrier, where he served as Vice President and Managing Director of the company’s residential light commercial sector for Europe as well as the General Manager for Riello, an Italian HVAC&R company and Carrier subsidiary.

“Given the impact of fluorinated gases on global warming — F-gas leaks have a global warming impact equivalent to European aviation — as well as their contamination of water basins, completely phasing them out is a moral obligation that is also supported by the recent PFAS proposal and F-gas law,” Greg Deldicque, Founder and Chairman of Enex Technologies, told “For Enex Technologies, the question is not if HVAC&R equipment should use F-gas or natural refrigerants but what is the best natural option for each application. This is why we have developed a full offering of CO2, ammonia, propane and water solutions.”

Maintaining momentum: Audo’s arrival at Enex Technologies comes hot on the heels of a string of acquisitions made in 2022 and 2023 and the opening of a new factory.

  • In October 2022, the company acquired refrigeration equipment maker Samifi France and heat exchanger producer Morgana. A month later, it announced the acquisition of the Emicon Group – consisting of the Italian companies Emicon, Hidros and Ethra Tech – manufacturers of commercial propane heat pumps, dehumidification equipment, close controls for data centers and chillers.
  • The company brought Spanish ammonia (R717) chiller manufacturer EOS Refrigeration into its portfolio in early 2023. In total, there are nine companies under the Enex Technologies umbrella.
  • Enex Technologies opened a new 7,500m2 (80,729ft2) headquarters and factory in Treviso, Italy, in 2022, which it said has enabled it to quadruple its manufacturing footprint. Six of Enex Technologies’ 12 factories are located in Italy.

Focused on natural refrigerants: Enex Technologies has been working with natural refrigerants since the 1930s, having first manufactured ammonia refrigeration systems. Today, the company offers a range of heating, cooling and refrigeration equipment that uses ammonia, CO2 (R744), propane (R290) and water (R718).

  • Enex Technologies is investing €6 million ($6.3 million) to develop a lab exclusively focused on researching CO2, propane, ammonia and water HVAC&R equipment. According to the company, this will be the only such research lab in Europe.
  • In January, Enex announced the launch of what it called the “first-ever” industrial CO2 flat gas cooler with a 140bar (2,031psi) pressure rating.

Looking forward: Enex Technologies has a goal to double its 2024 sales compared to 2022, which the company said would put it at €200 million ($213 million) in sales for the year.

  • By 2027, Enex Technologies is targeting €350 million ($373 million) in sales.
  • “I am thrilled to welcome François Audo to the role of CEO at Enex Technologies,” said Deldicque. “Throughout his 30 years of industry experience, he has clearly demonstrated great success working across cultures and multiple business models. François’ leadership will allow Enex to continue on its path of success.”

Quotable: “Enex Technologies is expected to continue its mission of reducing global warming impact through natural and energy-efficient solutions,” said Audo. “Our family of brands, which entails the full spectrum of HVAC, industrial and commercial refrigeration, and heat exchanger solutions committed to environmental sustainability and technological innovation, positions us well for future opportunities. I look forward to working with the strong team at Enex Technologies.”

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