Falcon's Beyond Completes Strategic Integration of Oceaneering Entertainment Systems, Reshaping the Theme Park Technology Landscape

Falcon’s Beyond Global, Inc. (Nasdaq: FBYD) has completed its acquisition of Oceaneering Entertainment Systems (OES), marking a pivotal moment in the entertainment technology sector. This transaction represents far more than a simple asset purchase—it signals a fundamental shift in how integrated entertainment solutions will be developed and deployed globally.

The Strategic Foundation Behind the Deal

The move consolidates two decades of collaborative history between these organizations into a unified operational structure. By absorbing OES’s proprietary technologies, manufacturing processes, and the accompanying 106,000+ square-foot research and development facility, Falcon’s Beyond has positioned itself to offer a comprehensive suite of next-generation attraction solutions.

What makes this acquisition particularly significant is the talent acquisition component. Falcon’s Beyond has brought aboard OES’s veteran engineering and systems teams, individuals who have spent decades crafting some of the world’s most complex entertainment experiences. Dave Mauck, now President of Falcon’s Attractions and formerly Vice President and General Manager at OES, underscores this human capital advantage: “I’ve worked with some of these team members for decades, and their collective experience is truly remarkable.”

A Track Record of Innovation

Oceaneering Entertainment Systems has spent more than 25 years establishing itself as an essential partner to major theme park operators and developers worldwide. The division’s portfolio speaks to its technical prowess—12 Thea Awards from the Themed Entertainment Association recognize breakthrough achievements in ride and show system design. These honors include landmark installations such as 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.

This legacy isn’t merely historical; it represents institutional knowledge about complex engineering challenges, system integration, and the operational demands of world-class entertainment venues.

Operational Implications and Market Positioning

The acquisition transforms Falcon’s Attractions into a vertically integrated powerhouse capable of handling every phase of attraction development—from conceptual design through engineering, manufacturing, testing, and operational support. CEO Cecil D. Magpuri articulates the vision: “The powerful combination of Falcon’s innovation with OES’s technical and engineering expertise is a game changer.”

For clients across the themed entertainment sector, this means access to a unified provider offering both creative storytelling capabilities and proven technical execution. The integration diversifies revenue streams, expands the addressable client base, and positions Falcon’s to capture emerging opportunities in the experience economy.

The company has also secured an option to acquire certain OES inventory by July 23, 2025, maintaining flexibility around additional asset integration.

The Broader Context

This consolidation occurs within a sector witnessing significant consolidation and technological advancement. Falcon’s Beyond, through its three core divisions—Falcon’s Creative Group, Falcon’s Beyond Destinations, and Falcon’s Beyond Brands—has been building infrastructure to serve the intersection of content, technology, and experiential entertainment. The integration of Oceaneering Entertainment Systems accelerates this strategy by anchoring advanced manufacturing and engineering capabilities into the corporate structure.

Going forward, Falcon’s will maintain full support for all legacy OES products and systems, ensuring existing clients experience continuity with the same technical personnel and institutional knowledge that defined OES as a trusted equipment manufacturer.