Falcon's Beyond Global Inc., a leader in immersive storytelling, has completed the acquisition of Oceaneering Entertainment Systems (OES) from Oceaneering International Inc. The acquisition, announced on May 15, 2025, strengthens Falcon's position as a global leader in advanced ride and show systems. This move enhances the growth of Falcon's Attractions Division with OES's industry-leading intellectual property, technology, talent, and capabilities. Falcon's has assumed a lease for a 106,000+ square-foot facility and hired key members of OES's experienced team. The transaction, which follows a letter of intent announced in November 2024, is expected to expand Falcon's market reach, diversify its client portfolio, and provide new revenue streams, supporting its long-term growth objectives.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.