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Is Aqua Lung buying PADI? Asking price of US$1.2B

Discussion in 'Business of Diving Institute' started by Darcy Kieran, Jul 2, 2018.

  1. The Chairman

    The Chairman Chairman of the Board

    # of Dives: I just don't log dives
    Location: Cave Country!
    58,332
    26,500
    113
    Yes, it would.
     
  2. The Chairman

    The Chairman Chairman of the Board

    # of Dives: I just don't log dives
    Location: Cave Country!
    58,332
    26,500
    113
    There's always @cerich. He won't sell us out!
     
    cerich and Trace Malinowski like this.
  3. boulderjohn

    boulderjohn Technical Instructor ScubaBoard Supporter

    # of Dives: 1,000 - 2,499
    Location: Boulder, CO
    25,862
    17,525
    113
    But will he be able to override an offer you can't refuse?
     
  4. The Chairman

    The Chairman Chairman of the Board

    # of Dives: I just don't log dives
    Location: Cave Country!
    58,332
    26,500
    113
    The first rule of Scuba applies: Don't hold your breath! Everyone loves to hate ScubaBoard.
     
  5. Birddog1911

    Birddog1911 Divemaster Candidate

    # of Dives: 100 - 199
    Location: Peyton, CO
    475
    333
    63
    With the changes PADI has made since last year, and the brick and mortar shops fleeing from them, they're going to have a hard time getting that money for PADI. Our shop officially left PADI on the 1st, and all of us have crossed over to SSI pros. I won't be renewing at the end of the year.
     
  6. The Chairman

    The Chairman Chairman of the Board

    # of Dives: I just don't log dives
    Location: Cave Country!
    58,332
    26,500
    113
    Stats?
     
  7. Birddog1911

    Birddog1911 Divemaster Candidate

    # of Dives: 100 - 199
    Location: Peyton, CO
    475
    333
    63
    I can't give nation wide stats, but the 3 largest in our state, and I believe another 3, have left PADI due to their decisions made in the last year. It's pretty messed up when the owner of one of the biggest 5 Star PADI dive centers, for more than 15 years, doesn't warrant a phone call back from the CEO of PADI. And to be clear, they USED to have that kind of relationship.
     
  8. tridacna

    tridacna ScubaBoard Supporter ScubaBoard Supporter

    # of Dives: 2,500 - 4,999
    Location: New Jersey
    6,344
    3,526
    0
    PADI announced that the official date for OLPC2 would be in 1Q2018. They had a giant party at DEMA to celebrate. Then demos showing the new product. Looked great. No more student folders. Everything online. Finally.

    DEMA 2018 on the horizon and squadoodle so far. Total bust. IMO, their eyes are no longer on the ball - they’re on investor value. Bad omen.
     
    Darcy Kieran likes this.
  9. Sam Miller III

    Sam Miller III Scuba Legend Scuba Legend

    # of Dives: 5,000 - ∞
    Location: CALIFORNIA: Where recreational diving began!
    4,925
    3,646
    113
    in 1948, 70 years ago, Aqua Lung was established by Rene Bussoz in the corner of his LA based haberdashery with 10 Aqua Lungs
    He called the company Rene Sports until 1952 when it was changed to US Divers

    In 1969, 49 years ago, PADI was established by John Cronin, Ralph Ericksen et all at Downers Grove Illinois. John was promoted to an executive position with US Divers, brought a cardboard box containing PADI applicants to SoCal with him, pulled Nic Icorn, an active LA Co UW instructor off a drafting table to organize amd create an effective dive program

    Now the two are worth 1.2 BILLION !

    Sam Miller, III
     
    Last edited: Jul 3, 2018
    Dark Wolf and iamrushman like this.
  10. Birddog1911

    Birddog1911 Divemaster Candidate

    # of Dives: 100 - 199
    Location: Peyton, CO
    475
    333
    63
    Well, to be more accurate, they're worth what they will get for it. If memory serves, the asking price was $1.1B last year, and it sold for $700M.
     

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