Air Liquide in Talks to Sell Diving Unit Aqua Lung to Montaguby
If completed, the acquisition “will support Aqua Lung’s next phase of growth and its transformation as a major consumer products player,” Paris-based Air Liquide said in a statement on Tuesday.
A brainchild of a 1940s collaboration with oceanographer Jacques-Yves Cousteau, Aqualung is a seven-decade-old specialist in professional and recreational diving equipment. It owns Aqua Sphere, a triathlete gear-maker that gained recognition in 2014 when it partnered with record Olympic gold-medal winning swimmer Michael Phelps, who had ended his relationship with Speedo. The two work together on Phelps’ own MP brand of swimwear.
Aqua Lung generated about 200 million euros in revenue last year.