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A new dawn for the battered Aqualung brand? (Photo: Rosemary E. Lunn / The Underwater Marketing Company)

HEAD Group Acquires Aqualung in Major Diving Industry Shake-Up

The announcement follows a ruling by the Commercial Court of Nice on 26 June, granting HEAD ownership of the embattled company through a formal receivership process.

HEAD’s offer includes an EU€50 million rescue package to stabilise Aqualung’s operations and secure the company’s long-term future. The plan will see a restructuring of Aqualung’s business platform, retaining and expanding production facilities in France, the United Kingdom and Mexico and safeguarding hundreds of jobs.