Video compression firm DivX (NSDQ: DIVX) has acquired MainConcept AG for $22 million in cash and stock ($16.2 million in cash and rest in stock) plus $5.8 million in potential earnouts through 2008. The German company is a provider of H.264 and other digital video technologies for use in media and consumer electronics. DivX believes the acquisition will help it increase its penetration in certain key markets, such as mobile, HDTV, set-top boxes, and digital cameras. The deal is expected to shave $.02 - $.03 off of DivX’s fourth quarter earnings, due to integration costs, but be accretive by the second half of 08. MainConcepts founder Markus Moenig is joining DivX as an SVP. Release | Webcast (5:00 PM est)

DivX also said in an 8-K filing that it would purchase outstanding loans made to MainConcepts by one of its shareholders for about $4.4 million.