ITEC Leisure, an Orlando-based amusement firm that works extensively with theme parks, has been acquired by the TAIT international group, a Pennsylvania-based firm that develops stay leisure and occasions.
The acquisition permits TAIT to “set up a presence” in ITEC’s headquarters off South John Younger Parkway and Sand Lake Street, although TAIT spokeswoman Jayna Zelman mentioned present staff wouldn’t be shifting to Orlando. Phrases of the deal introduced Thursday, weren’t disclosed.
ITEC Leisure has labored with Disney World, Common and different firms to design theme park rides and points of interest worldwide since 1985.
In Orlando, the corporate’s work consists of the previous Tornado: Trip it Out! present at Common Orlando and The Scriptorium on the Holy Land Expertise. ITEC additionally has places of work in Los Angeles and Osaka, Japan, and has labored on tasks in international locations resembling China, Norway and Russia.
Spokespeople for TAIT and ITEC mentioned they hope to develop each firms’ footprints within the stay leisure and experiences trade via the acquisition.
“We felt it was a pure development to hitch TAIT’s lengthy legacy of success within the stay leisure trade and rising progress within the theme park and points of interest world,” Invoice Coan, president and CEO of ITEC Leisure, mentioned in an announcement. “Our mixed ingenuity will obtain larger, higher, and extra awe-inspiring exhibits and experiences for our prospects.”
Adam Davis, TAIT’s chief inventive officer, mentioned the corporate has “lengthy admired” ITEC’s work and that TAIT is wanting ahead to collaborating with the corporate.
When requested if it could result in the creation of extra native themed leisure jobs, TAIT spokeswoman Brielle Freeman referred to a launch that mentioned TAIT’s presence in Orlando would enable the corporate to “add capabilities in help of purchasers regionally.”
TAIT’s firm group consists of companies resembling Good, a staging and design firm, Kinesys, a movement management know-how enterprise, and productionglue, an leisure manufacturing and administration agency.
The corporate has operated since 1978, and its portfolio consists of awards exhibits such because the Academy Awards and MTV’s Video Music Awards, concert events with artists resembling The Rolling Stones and Woman Gaga and stay occasions like Broadway productions. In Orlando, TAIT helped replace the Blue Man Group’s present at Common Studios in 2012.
TAIT introduced the acquisition of ITEC from its Lititz, Pa. workplace, although the corporate additionally has places of work in New York, Boulder, Colo., Los Angeles and Las Vegas domestically and in cities together with London, Hong Kong, Dubai and Tokyo internationally.