Looks like rEvo Rebreathers is under new ownership.

Company founder Paul Raymaekers posted an open letter on the rEvo website recently,  announcing that Mares had bought the rebreather company:

“After more than 10 years of creating, developing and growing rEvo, and knowing that none of my children will or can continue this business, I realized already some time ago that the only way to keep rEvo going, and even stronger growing than now, was to look for a partner that had common interests. A strong partner, that was already in the diving business, and had the strength and will to take this work further.

It took months of talking, negotiating, working out synergies, but in the end it became clear that we found the correct ‘modus vivendi’.

As a result, last week the deal was signed and rEvo changed ownership: rEvo BVBA has been acquired for 100% by MARES, one of the world’s leading diving manufacturers.”

Under the new arrangement, Raymaekers will still manage rEvo over the next few years, while Mares will contribute its R&D expertise to make new products.

To read the full letter, go to the rEvo website at www.revo-rebreathers.com.