Falcon’s Beyond Global, Inc. announced that Falcon’s has acquired Oceaneering Entertainment Systems (OES), a division of Oceaneering International Inc.
In the transaction, Falcon’s purchased OES’s global portfolio of patented technologies, proprietary engineering and manufacturing processes. Falcon’s also assumed the lease for an over 106,000-square-foot facility to bolster Falcon’s research, development, testing, and integration services. In addition, Falcon’s has hired key members of OES’ highly experienced team. Falcon’s also has an option to acquire certain OES inventory exercisable on or before July 23, 2025. The transaction follows a letter of intent previously announced on November 19, 2024, with Falcon’s, rather than Infinite Acquisitions Partners LLC, making the purchase.
For more than 25 years, OES has been a trusted provider to theme park developers and operators from around the world. OES’ legacy includes the creation of complex and award-winning rides, show systems, equipment, and custom engineering solutions. OES has received 12 Thea Awards from the Themed Entertainment Association for its ride & show systems including The Amazing Adventures of Spider-Man and Transformers: The Ride 3D at Universal Orlando Resort, Justice League: Battle for Metropolis at Six Flags, and the Shuttle Launch Experience at the Kennedy Space Center. Falcon’s and OES have enjoyed a collaborative relationship for over two decades, deploying themed entertainment projects around the world.
“The powerful combination of Falcon’s innovation with OES’s technical and engineering expertise is a game changer,” said Cecil D. Magpuri, CEO and Co-Founder of Falcon’s Beyond. “OES has been behind some of the best attractions and experiences in the world. Together, we’re ushering in a new era for the global experience economy.”
Strategically, this acquisition expands Falcon’s Attractions services, diversifies its client portfolio, expands market reach and provides new revenue streams. It also amplifies Falcon’s ability to serve its growing slate of destination developments and third-party clients with comprehensive next-generation attractions.
Going forward, Falcon’s will provide support for all legacy OES products, ensuring continuity with the same personnel and technology that was provided by OES as the original equipment manufacturer.
“Falcon’s Attractions has onboarded a deep bench of the top entertainment systems experts in the industry,” said Dave Mauck, President of Falcon’s Attractions (former Vice President and General Manager of OES). “I’ve worked with some of these team members for decades, and their collective experience is truly remarkable. As Falcon’s, we offer an unparalleled combination of creative, technical, and operational excellence that will revolutionize the experiential entertainment industry.”
