Falcon’s Beyond acquires Oceaneering Entertainment Systems

Falcon’s Beyond (FBYD) “announced that Falcon’s has acquired Oceaneering Entertainment Systems, a division of Oceaneering International Inc. (OII) 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 a 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 the world’s top theme park developers and operators. OES’ trailblazing legacy includes the creation of complex and award-winning rides, show systems, equipment, and custom engineering solutions. OES has received 12 prestigious 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 groundbreaking themed entertainment projects around the world.”