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Oceaneering Entertainment Systems (OES), a unit of Oceaneering International, Inc. OII, and Falcon’s Beyond recently announced that OES has been acquired by Falcon’s Beyond — a move that brings together two decades of collaboration into a single entity and highlights the powerful vision for the future of themed entertainment. This transaction follows a letter of intent announced on Nov. 19, 2024, with Falcon’s — rather than Infinite Acquisitions Partners LLC — ultimately completing the purchase.
This transition allows OES to continue serving the industry with the same trusted team, patented innovations and engineering excellence — but now with expanded creative capacity and global reach under the Falcon’s umbrella.
An Insight Into OII’s Entertainment Arm
OES has been an award-winning leader in the entertainment and show equipment industry for 25 years and is known for developing world-class theme parks, complex rides and show systems. It is well known for receiving 12 prestigious Thea Awards from the Themed Entertainment Association for its ride & show systems.
Over the last two decades, OES and Falcon’s Global have teamed up multiple times to develop several theme park projects globally. As the owner of OES, Falcon’s Beyond would use its proficiency to develop several future-forward rides and theaters and retain key OES employees to operate the company efficiently.
An Overview of the Acquisition
Under the acquisition deal, Falcon’s acquired OES’ global portfolio of patented technologies, along with its proprietary engineering and manufacturing processes. The company also took over the lease of a 106,000+ square-foot facility to enhance its capabilities in research, development, testing and integration. Key members of OES’ seasoned team have joined Falcon’s as part of the deal. Additionally, Falcon’s has the option to purchase select OES inventory on or before July 23, 2025.
Strategic Importance of the Acquisition for Falcon’s Beyond
The acquisition greatly strengthens and accelerates the expansion of Falcon’s Attractions as a vertically integrated global leader in advanced entertainment systems, technologies, custom engineering and turnkey solutions. Strategically, it broadens Falcon’s service offerings, diversifies its client base, extends market reach and unlocks new revenue opportunities. The deal is expected to contribute positively to future earnings, align with long-term growth goals and boost shareholder value. It also enhances Falcon’s capacity to deliver cutting-edge attractions for both its own destination developments and third-party clients worldwide.