Infinite Acquisitions Partners Enters LOI to Acquire Oceaneering Entertainment Systems and Partners with Falcons Beyond

Published / Modified Nov 20 2024
CSIMarket Team / CSIMarket.com

Henrico, Va. & Orlando, Fla.' Infinite Acquisitions Partners LLC announced today that it has signed a non-binding letter of intent (LOI) with Oceaneering International, Inc. (OII) to acquire Oceaneering Entertainment Systems (OES) through an asset acquisition. This strategic move aims to enhance Infinite's portfolio in the entertainment technology sector, a rapidly evolving market that increasingly intertwines with advancements in storytelling and immersive experiences.

OES, a subsidiary of OII, is renowned for its innovative solutions and high-tech offerings in the amusement and entertainment industries. The acquisition is poised to leverage Infinite's resources and networks to expand OES's reach and capabilities, enhancing its market position.

In a complementary effort, Infinite also announced a letter of intent with Falcons Beyond Global, Inc. (Nasdaq: FBYD). Falcons Beyond, known for its pioneering work in immersive storytelling and experience design, will collaborate to oversee operations at OES. This partnership is expected to infuse new creative energy into the company, focusing on cutting-edge experiences that engage audiences in unprecedented ways.

This acquisition is a significant step for Infinite as we seek to expand our footprint in the entertainment sector, said Eric Pearce, CEO of Infinite Acquisitions Partners. Bringing OES into our portfolio, combined with the operational creativity of Falcons Beyond, positions us strongly to innovate and excel in creating memorable user experiences.

The LOI with OII and the partnership with Falcons Beyond reflect a robust strategy aimed at driving growth in a sector where entertainment and technology increasingly intersect. As the demand for unique and immersive experiences continues to rise, the collaborations set forth by Infinite could not come at a more opportune time.

Both transactions are expected to close subject to customary closing conditions and regulatory approvals. Specific terms of the acquisitions have not been disclosed.

As Infinite Acquisitions Partners moves forward, industry observers will be keenly watching how these strategic acquisitions unfold and the impact they may have on the broader entertainment landscape.

This article provides readers with an overview of the latest developments from Infinite Acquisitions Partners, highlighting the strategic vision and future implications of these significant moves in the entertainment technology space.,

Sources for this article: Press release, News Wire, Globe Newswire, Business wire, Pr newswire.... and CSIMarket.com Customer Analytics Research for