string data = "544d444e5036";
byte tempArray = new byte[data.Length / 2];
for (int i = 0; i < tempArray.Length; i++)
tempArray[i] = Convert.ToByte(data.Substring(i * 2, 2), 16);
string decode = Encoding.UTF7.GetString(tempArray);
Espen your suggestions and links lead me to find a solution like the one I'm posting above. Which was found here
If anyone has any comments on the above let me know.
Thank you for your help!