Maxon co-founder Harald Egel, CEO and managing director, said in a statement, “32 years ago, the three of us founded Maxon and we managed to establish it as one of the world’s most successful companies in the 3D market with constant growth and success over the years. Now the time has come to hand over the reins to another, newer generation and we are happy to have found a worthy successor in David McGavran who will continue Maxon’s success story in the coming years. At the same time, we would like to express our thanks to all those who have given us outstanding support over the years and have placed their trust in us.”
Another co-founder, Paul Babb, tweeted out his support, stating that the company’s goals and focus have not changed:
Nemetschek has confirmed that media and entertainment will remain the key focus at Maxon, however, it will also look at new growth opportunities for the application of Cinema 4D in augmented reality and virtual reality. Additionally, Maxon will try to take advantage of its parent company’s core markets in the AEC (architecture, engineering, construction) industries.
“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, 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.”
The Nemetschek Group’s 15 brands generated EUR 395.6 million last year. Its various divisions employ over 2,100 people.