Orange County

Orlando theme park giants join forces as Falcon’s Beyond buys longtime collaborator OES

Falcon's Beyond The real-time 4D theater ON!X Theater from Falcon's Beyond is one of the standalone products sold through the company's new business unit Falcon’s Attractions Systems & Technologies. (Falcon's Beyond/Falcon's Beyond)

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

Falcon’s Beyond Global Inc.(NASDAQ: FBYD) announced May 15 the acquisition of Oceaneering Entertainment Systems (OES) in a move which will streamline work the Orlando-based themed entertainment firms have collaborated on for more than 20 years.

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The deal combines the content development and design efforts of Falcon’s Beyond with the manufacturing capabilities of OES, Falcon’s Beyond CEO Cecil Magpuri told Orlando Business Journal.

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“This is a true game-changing event,” Magpuri said. “Very rarely do you see these capabilities under one roof in the marketplace that allows the industry to have access to this level of experience.”

Click here to read the full story on the Orlando Business Journal’s website.

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