Maxon is adding on technology and talent with the acquisition of Red Giant

Right in the middle of wrapping presents, agonizing over what to feed people, and wishing work would just shut up for a minute, Maxon and Red Giant announced plans to “combine forces,” in a deal worth more than $70 million. Maxon’s announcement follows on the acquisition of the Redshift and reaffirms the group’s commitment to strengthening Maxon’s technology with outside resources as well as internal development. In the announcement of the deal, Nemetschek described Red Giant as a “fast-growing company with a high profitability” and expected revenues of $21 million for 2019. Red Giant’s profitability, says Nemetschek is higher than