Hollis and Oceanic Sold
Hollis Sold

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 […]

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The PADI statement about its sell

  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 […]

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After 60 hours lost in a cave, they find him… Alive!

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 […]

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PADI Sold For 700 Million
PADI Sold

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 […]

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Good News – Sharkwater 2 Will Be Completed
Sharkwater, Scuba Diving, Scuba Legends, Gran Canaria

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 […]

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“One Billion Dollar Baby” – PADI for Sale!

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 […]

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Breaking News – Another Scuba Diving Icon Sold
Aqua Lung Sold

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 […]

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