TAIT Acquires ITEC Entertainment

·4 min read

LITITZ, Pa. & ORLANDO, Fla., October 28, 2021--(BUSINESS WIRE)--TAIT, the global group of creative engineers, fabricators, producers and technologists for live entertainment environments, announced today its acquisition of ITEC Entertainment (ITEC), an industry leader of worldwide solutions in entertainment design, technology, and project development. The acquisition brings together two best in class organizations with complementary expertise in mounting live events and experiences. ITEC will join the TAIT group comprised of a roster of unparalleled innovators who set the standard for the industry, creating the most comprehensive end-to-end developer of entertainment projects and solutions.

Operating since 1978, TAIT is a premier, global leader in the live entertainment industry. TAIT’s diverse group of markets include theme parks, theaters, cruise ships, concerts, and corporate events with marquee clients ranging from Princess Cruises, Fortnite World Cup, and U2 to Disney, Universal, and the Olympics. At the core of its services is TAIT Navigator, an industry leading show control and proprietary automation platform that maximizes the client’s creative vision.

ITEC was founded in 1985 and has delivered some of the most successful and comprehensive guest experiences spanning theme parks, resorts, rides and shows, and cultural attractions for clients such as Walt Disney, Universal Studios, Madison Square Garden Ventures, LEGO, Wanda Group, and Dubai Parks. With offices in Orlando, Los Angeles, and Osaka, ITEC has maintained and even expanded its business throughout the pandemic. ITEC’s leadership team including: President and CEO Bill Coan, Chief Technology Officer Marc Plogstedt, EVP, Project Development Team Jeff Jensen, and EVP, Entertainment Technology Steve Alkhoja, will remain with the company.

With complementary culture and skillsets in engineering, technology, creative design and client management, the partnership offers a unique opportunity for both companies to achieve significant, sustained growth. The acquisition will allow TAIT to add capabilities in support of clients locally in Orlando as the company establishes a presence within ITEC’s existing Orlando headquarters.

"We felt it was a natural progression to join TAIT’s long legacy of success in the live entertainment industry and rising growth in the theme park and attractions world," said Bill Coan, President & CEO, ITEC Entertainment. "Our combined ingenuity will achieve bigger, better, and more awe-inspiring shows and experiences for our customers, and our access to strategically located global resources and services will better meet the increasing complexity of projects in the themed entertainment space and beyond."

"ITEC’s tremendous success over the past 35 years is nothing short of remarkable," said Adam Davis, TAIT’s Chief Creative Officer. "We have long-admired their innovation, continued growth and their contributions to live events and visitor experiences. I know that together we will continue to deliver on that promise to all of our customers around the globe."

About TAIT

TAIT creates moments that move people. We bring extraordinary ideas to life, collaborating on design concepts and delivering precision engineering, architecture, and manufacturing. With our own industry leading show control and automation technology, we orchestrate complex movements for artists, brands and venues around the world. We are a global team of creative engineers, fabricators, producers and technologists for live entertainment environments. For over 40 years, we’ve been creating ground-breaking live entertainment experiences by finding and nurturing the best talent and technology in the industry. With over 900 employees across 14 office locations, we’ve delivered projects in over 30 countries, all 7 continents, and even outer space. Our diverse roster of clients include Taylor Swift, Cirque du Soleil, Nike, The Metropolitan Opera House and NASA.
www.taittowers.com.

About ITEC Entertainment

ITEC Entertainment is an industry leader of worldwide solutions that ignite the dreams of hundreds of millions of people all over the world. ITEC’s culture of performance and innovation pushes the frontiers of themed entertainment design, technology, and project development to new heights. Founded in 1985, ITEC has delivered over 300 of the most successful and comprehensive guest experiences spanning theme parks; real estate development and mixed use; resorts; entertainment centers; rides and shows; cultural attractions; and themed retail. ITEC is headquartered in Orlando, Florida with offices in Los Angeles, and Osaka. For more information, visit www.ITEC.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211028005816/en/

Contacts

Jayna Zelman
tait@rubenstein.com

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