Falcon’s Beyond Global acquires Oceaneering division
Falcon’s Beyond Global, an attractions and experiences developer, has completed the purchase of Oceaneering Entertainment Systems, a designer of ride systems.
Both businesses are based in Orlando and have been in operation for more than two decades.
“We started our companies almost simultaneously. We opened our doors in downtown Windermere more than 25 years ago,” said Cecil D. Magpuri, CEO and co-founder of Falcon’s Beyond. Collaboration with OES began within months, he said.
“We had this opportunity to now leverage 25 years of history of Oceaneering Entertainment Systems and their capabilities of creating some of the most profound and innovative attractions to be now merged into Falcon’s Beyond and our specific division of Falcon’s Attractions of which we’re known for developing attractions ourselves as well,” Magpuri said.
“This has basically boosted and accelerated that growth of our Falcon’s Attractions division and expanded its reach with client base and capabilities,” he said.