04.07.2018
Nemetschek SE DE0006452907
DGAP-News: Nemetschek SE increases share in subsidiary MAXON to 100%
DGAP-News: Nemetschek SE / Key word(s): Takeover
Nemetschek SE increases share in subsidiary MAXON to 100%
04.07.2018 / 11:00
The issuer is solely responsible for the content of this announcement.
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Press release
Nemetschek increases share in subsidiary MAXON to 100%
- Increase in shares in MAXON from 70% to 100%
- Industry expert David McGavran appointed as new CEO
- Focus remains on Media & Entertainment
- Sights set on higher revenue growth by exploiting considerable potential
in augmented reality, virtual reality and AEC markets
Munich, July 4, 2018 - Software provider Nemetschek SE (ISIN DE0006452907)
has increased its shares in subsidiary MAXON Computer GmbH based in
Friedrichsdorf near Frankfurt/Main from 70% to 100%. The three original
founders of the company, who have held 30% and served as Managing Directors
to date, will be leaving the company, but will continue to be available in
an advisory capacity during a transitional period.
Industry expert David McGavran will be appointed the new CEO of MAXON. This
internationally skilled executive comes with extensive experience and a
large network in the Media & Entertainment sector, and over the past 20
years held various positions at Adobe Systems, last serving as Director of
Engineering - Professional Audio and Video. David McGavran's comprehensive
background includes working with globally active broadcasting corporations,
post-production houses and film editors.
MAXON Computer is one of the globally leading software companies for 3D
modeling, painting, animation and rendering solutions. The software
solutions are used in numerous productions in the areas of film, television,
advertising and video games as well as in the visualization of architecture
and product design.
Under its new leadership, MAXON will further strengthen its position in the
current markets and concentrate especially on the areas of augmented reality
and virtual reality, the major growth driver of the industry. Additionally,
MAXON will leverage the growth potential in Nemetschek's core markets in the
AEC (architecture, engineering, construction) industry. The framework
conditions for this considerable growth potential are extremely promising,
with anticipated volumes of approx. EUR 3 billion in the Media &
Entertainment market and around EUR 500 million in the AEC visualization
market (in 2020). "In the market for visualization in the media and AEC
industries, we see great potential for growth and want to make stronger use
of this," said Patrik Heider, Spokesman and CFOO of the Nemetschek Group.
"We are very happy that we have gained an extremely skilled and
internationally experienced leadership personality with David McGavran. I'm
convinced that with the new structure the future growth of MAXON is
secured." At the same time, the executive board thanks the three company
founders for their outstanding performance over the past years.
"I now very much look forward to applying my years of experience in the
Media & Entertainment industry at Adobe Systems to MAXON and initiating and
implementing the next phase of growth," said David McGavran.
For further information on the company, please contact:
Nemetschek Group
Stefanie Zimmermann
Investor Relations
+49 89 540459 250
[email protected]
About the Nemetschek Group
The Nemetschek Group advances digitalization in the building sector. With
our software, architects, engineers, construction companies, and facility
managers can plan ahead, seamlessly share information and work together more
closely. Building and infrastructure projects are thus carried out with
greater efficiency and sustainability. As a result of the unique holding
structure of the Nemetschek Group, its 15 strong brands are able to act
entrepreneurially with market proximity, drive innovations and collaborate
closely with their 2.7 million customers worldwide. Founded by Prof. Georg
Nemetschek in 1963, the company today employs more than 2,100 experts.
Publicly listed since 1999 and quoted on the TecDAX, the company generated
revenues of EUR 395.6 million and an EBITDA of EUR 108.0 million in 2017.
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04.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: TecDAX
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard);
Regulated Unofficial Market in Dusseldorf, Hamburg,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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701483 04.07.2018
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