Falcon’s Beyond Global, a fully integrated development enterprise for IP-driven parks, resorts, media and merchandise, has acquired Oceaneering Entertainment Systems (OES), a division of Oceaneering International Inc.
In the transaction, Falcon’s acquired OES’s global portfolio of patented technologies and exclusive engineering and manufacturing processes. Falcon also assumed the lease for a facility exceeding 106,000 square feet to enhance its research, development, testing, and integration services.
Additionally, Falcon’s has employed essential members from the company’s experienced team. Falcon’s also has the option to acquire specific OES inventory, which can be exercised on or before 23 July 2025. This transaction follows a letter of intent previously announced on 19 November 2024, with Falcon’s, rather than Infinite Acquisitions Partners LLC, carrying out the purchase.
A legacy of innovation
For over 25 years, OES has been a trusted provider to the world’s top theme park developers and operators. Its innovative legacy features the development of intricate, award-winning rides, show systems, equipment, and tailored engineering solutions.
OES has been honoured with 12 prestigious Thea Awards from the Themed Entertainment Association for its ride and show systems. These include 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 collaborated for more than twenty years, successfully delivering cutting-edge themed entertainment projects globally.
“The powerful combination of Falcon’s innovation with OES’s technical and engineering expertise is a game changer,” says 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.”
Shaping the next generation of experiences
The acquisition significantly boosts and speeds up Falcon’s Attractions’ development as a vertically integrated global supplier of advanced entertainment systems, technologies, custom engineering, and turnkey solutions.
It strategically enhances Falcon’s Attractions services, diversifies its client portfolio, broadens market reach, and creates new revenue streams. It is anticipated to positively impact future earnings, bolster long-term growth goals, and increase shareholder value. Additionally, it strengthens Falcon’s capability to support its expanding range of destination developments and third-party clients with advanced, comprehensive attractions.
Going forward, Falcon’s will support all legacy OES products, maintaining continuity with the same personnel and technology supplied by OES as the original equipment manufacturer (OEM).
“Falcon’s Attractions has onboarded a deep bench of the top entertainment systems experts in the industry,” says Dave Mauck, president of Falcon’s Attractions and former 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.”
This acquisition highlights Falcon’s strategic vision to become the leading platform company in the experience economy, where storytelling, design, and technology intersect to shape the next generation of consumer experiences worldwide.
Earlier this year, Falcon’s Creative Group kicked off its year-long 25th anniversary celebrations with a special proclamation from Orange County’s mayor, Jerry Demings. In recognition of the group’s pioneering spirit, growth and contributions to themed entertainment, Demings announced 1 February as Falcon’s Beyond Day in Orange County, Florida.
