Paragon Entertainment, the York, UK-based attractions design, production and fit-out company, has announced it has completed the purchase of The Visitor Attraction Company (TVAC).

TVAC is a provider of strategic development, operating and project management services to the sector and has been acquired for a maximum consideration of £300,000 (EUR363,000, US$475,000).

Among some of the schemes involving TVAC are the ArcelorMittal Orbit viewing platform in London's Olympic Park; the British Olympic Experience; and Skyvue in Las Vegas, US.

Following the acquisition, Paragon said operations director David Gray would be stepping down from the board but will continue to work for the business in a consulting capacity.

In a statement, Paragon said: "Paragon and TVAC are in a position to bring a more holistic proposition to their customers, further extending Paragon's reach into new services and markets."

Details: www.londonstockexchange.com

Image: London's ArcelorMittal Orbit is one of the projects to involve The Visitor Attraction Company