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

[scubadada]

@Darcy Kieran, what do you have to say?

 

[Darcy Kieran]

@Darcy Kieran, what do you have to say?

As I mentioned in another thread...

So Drew is denying it. That's pretty clearly the only thing he could say, right? He's doing the job he is paid for.

But news are full of 'official spokesperson' denying everything - until it happens.

So... Time will tell.

The rest of the article about the need for changes and innovation in this industry will remain true, whether the Aqua Lung / PADI marriage happens now, later or never. It's also very likely that more consolidation will happen, one way or another.

Have a good & safe weekend!

 

[The Chairman]

about the need for changes and innovation

The "industry" just needs to change focus and stop being its own worst enemy. Things like what's happening in Thailand are a perfect example. They are sending in Seals to do a caver's job. They haven't been trained to cave dive anymore than they have been trained to do brain surgery. we need a hero like Edd Sorenson in there to make it happen. Then we'll see a lot of people wanting to take up the sport. I'm an opportunist in this regard. The boys need saving and we need a shining knight.

 

[chillyinCanada]

4 minutes ago. Apparently rescue has begun (whatever that means)

Thailand cave rescue: officials confirm rescue operation has begun – live

 

[Diving Dubai]

They are sending in Seals to do a caver's job. They haven't been trained to cave dive anymore than they have been trained to do brain surgery. we need a hero like Edd Sorenson in there to make it happen. The boys need saving and we need a shining knight.

You remember that John Volanthen, Rick Stanton and Robert Harper were the British Cave divers who found the boys after a nine-day round-the-clock search involving teams from all over the world. They've been joined by Jason Mallinson and Chris Jewell also for the UK. Because they're British Cave Rescue, you'll probably not be familiar with their names.

Quote for Guardian New paper

At 10am local time they sent 18 divers into the cave to bring out the boys – including 13 international divers and five Thai navy Seals. The former governor in charge of the rescue operation called the international divers “all-stars” and the Thai divers “five of our best”

 

[scubafanatic]

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.

So, in like a single year the current owners feel they have essentially doubled PADI's value ? (from $700 million to $1200 million)

 

[Steve_C]

So, in like a single year the current owners feel they have essentially doubled PADI's value ? (from $700 million to $1200 million)

You rarely get more than you ask for.

 

[Fish&beer]

Current on line article on PADI in California Diver Magazine says "It's just a rumor."
Just A Rumor: No, PADI Is Not Up For Sale