Hollis and Oceanic Sold
The PADI statement about its sell
This year is definitely the year of changes in the diving industry. First was the acquisition of Aqualung , and then the never-ending soap opera of the PADI sell. Now, Huish Outdoors, LLC acquires Oceanic and Hollis brands from American Underwater Products (“AUP”). With this acquisition, Huish Outdoors makes up a powerful group. It will hold some […]
After 60 hours lost in a cave, they find him… Alive!
As we announced last March, Padi has been sold to a consortium of investors for 700 million dollars. Since the news flooded the social media there had been no statement from the Dive Organisation. Finally, on 16 May, PADI CEO Drew Richardson released the following statement: PADI announces an exciting change of ownership to a […]
PADI Sold For 700 Million
Saturday 15th of April. “Sa Piqueta”, Mallorca (Spain). One of the largest caves systems in Europe That Saturday, as usual, Francisco Gràcia, was surveying the cave. Suddenly Francisco realised that he had not enough air to reach the exit. He decided to wait in one of the “domos” (an air cavity inside the cave) while the […]
Shopping Against Marine Debris – Save The Ocean!
PADI Sold For 700 Million Dollar As we were informing a few months ago, Providence Equity, previous owner of PADI, was seeking in cooperation with Deutsche Bank for investors that would be interested in acquiring the diving organization. This week has been reported that a chinese consortium called ‘Mandarinfish Holding’ has bought PADI for 700 million […]
Good News – Sharkwater 2 Will Be Completed
Scientists state that in 2050 there will be more plastic in the ocean than fish. Hearing that, you feel like the fight against debris is lost. We don’t give up though, no matter the result, every effort counts. Hopefully this time scientists are wrong. From now on, you can fight against ocean debris just by shopping. Could […]
“One Billion Dollar Baby” – PADI for Sale!
On January 31st, the death of Rob Stewart shocked the world of diving. Any fatality underwater is a big loose, no exceptions. In this case the world not only lost a diver, but one of the strongest and most active shark defenders. Released in 2006, the movie “Sharkwater” has been awarded more than 50 times and […]
Breaking News – Another Scuba Diving Icon Sold
PADI for sale for 1 billion US-Dollar… BACKGROUND Providence Equity Partners (PEP) bought a major stake of the Professional Association of Diving Instructors (PADI) in 2015. As a first change, they reduced considerably the personnel in the PADI Headquarters. Since then, PADI concentrates big economical efforts to expand the company to Middle East Asia. NOWADAYS In the […]
BREAKING NEWS…BREAKING NEWS…BREAKING NEWS… Air Liquide, a french company and owner of the world famous brand Aqua Lung, just announced the sale of the entire firm to Montagu Private Enquiry company. Last October, Air Liquide started the conversations to sell one of the icons of their brand. After 2 months of negotiations they reached an […]