DGAP-Adhoc: Nemetschek SE strengthens competences and market position in Media & Entertainment division
DGAP-Ad-hoc: Nemetschek SE / Key word(s): Mergers & Acquisitions/Merger Ad Hoc Report Nemetschek Group strengthens competences and market position in Media & Entertainment division - Nemetschek subsidiary Maxon Computer GmbH agrees merger with US company Red Giant LLC - Fusion results in the creation of the global market leader for digital content creation Munich, December 17, 2019 - Software provider Nemetschek SE (ISIN 0006452907) today announced that its 100% subsidiary Maxon Computer GmbH and the shareholders of Red Giant LLC have signed a definitive agreement to merge Maxon and Red Giant under the Media & Entertainment division of the Nemetschek Group. Red Giant, based in Portland, USA, is a fast-growing company with a high profitability that is above the Nemetschek Group average. For 2019, the company anticipates revenues of around EUR 21 million. Nemetschek therefore expects significant growth and technology synergies through better market and customer access and by leveraging the worldwide sales and reseller team. With the joint product portfolio, Maxon will also significantly strengthen its subscription business. Contact: Stefanie Zimmermann VP Investor Relations & Corporate Communication NEMETSCHEK SE Konrad-Zuse-Platz 1 81829 Munich P: +49 89 540459-250 M: +49 175 7211197
17-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Nemetschek SE |
Konrad-Zuse-Platz 1 | |
81829 München | |
Germany | |
Phone: | +49 (0)89 540459-0 |
Fax: | +49 (0)89 540459-444 |
E-mail: | [email protected] |
Internet: | www.nemetschek.com |
ISIN: | DE0006452907 |
WKN: | 645290 |
Indices: | MDAX, TecDAX |
Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 938591 |
End of Announcement | DGAP News Service |
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938591 17-Dec-2019 CET/CEST
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