In its recent press release, Nemetschek (OTC: NEMTF; [ETR: NEM]) has announced the merger of its Maxon Media & Entertainment brand with the US-based Red Giant - developer of motion graphics and visual effects software. Nemetschek agreed to pay a combination of €70m in cash and Maxon shares. Following the transaction closure, which is expected in January 2020, Nemetschek will hold 85% and former Red Giant shareholders 15% in the combined entity. For 2019, Red Giant should generate €21m revenues with above-average group's profitability (i.e. >27%). This marks the largest acquisition