McLaren Group

McLaren Group Limited
	File:McLaren Group.png
Company type	Private
Industry	Motorsport
Founded	1985
Headquarters	Woking, Surrey, United Kingdom
Key people	Ron Dennis, Chairman & CEO; Martin Whitmarsh, COO
Revenue	GB£241 million (2005)
Operating income	GB£14.3 million (2005)
Net income	GB£12.3 million (2005)
Number of employees	1,289 (2005)
Website	McLaren Group
	Footnotes / references; Source: ICC Financial Analysis Reports

The McLaren Group, based at the McLaren Technology Centre in Woking in the United Kingdom, is a group of companies created by Ron Dennis, described by the International Herald Tribune as "a small conglomerate".^[1] The Group is focused around the Vodafone McLaren Mercedes racing team and Formula One constructor, and was originally formed from the team established by Bruce McLaren in 1963.

Subsidiaries

McLaren Racing, the company behind the Vodafone McLaren Mercedes Formula One constructor
McLaren Automotive, the company which has produced small volumes of the McLaren F1 road car and currently, in conjunction with Mercedes-Benz, makes the SLR
McLaren Electronic Systems, which develops and manufactures automotive control systems and components for motorsports, including systems for Team McLaren
McLaren Marketing, primarily serving the marketing and media requirements of McLaren Racing
Absolute Taste, caterer to Team McLaren and corporate clients.
Lydden Circuit, which manages a racetrack of the same name near Dover in Kent.
McLaren Applied Technologies, which develops commercial applications for the Group's technologies and provides an internal resource for facilities and expertise.

Ownership

On 3 January 2000 Daimler AG (then DaimlerChrysler AG) exercised an option to buy 40% of the then TAG McLaren Group. Since 1995 Daimler has supplied British-built Ilmor engines to the McLaren Formula One team under the Mercedes-Benz brand. Ron Dennis and the Techniques d'Avant Garde Group (owned by Mansour Ojjeh) each retained a 30% share.^[2] In November 2003 TAG McLaren Group announced it was to change its name to McLaren Group, and its associated companies would also drop the TAG name.

In August 2006 it was reported that Daimler was considering acquiring the 60% held by Dennis and Ojjeh.^[3] However in January 2007 it was announced that Bahrain Mumtalakat Holding Company, wholly owned by the Kingdom of Bahrain, intended to purchase 15% from both Dennis and Ojjeh. The shareholding is thus Daimler 40%, Bahrain Mumtalakat Holding Company 30%, Ron Dennis 15% and Mansour Ojjeh 15%.^[4]

References

^ Spurgeon, Brad (2000-06-24). "TAG McLaren Group Revs Up Off Track". International Herald Tribune. p. 9. {{cite news}}: |access-date= requires |url= (help)
^ DaimlerChrysler acquires an interest in TAG McLaren. Daimler website. 2 February 2000. Accessed 3 July 2006.
^ "Mercedes may raise McLaren stake, no decision yet". Reuters. 2006-08-16. Retrieved 2006-08-16.
^ "Bahrain company buys into McLaren". 2007-01-09. Retrieved 2007-01-11.

51°20′45.0″N 0°32′54.0″W / 51.345833°N 0.548333°W / 51.345833; -0.548333

[1] Spurgeon, Brad (2000-06-24). "TAG McLaren Group Revs Up Off Track". International Herald Tribune. p. 9. {{cite news}}: |access-date= requires |url= (help)

[2] DaimlerChrysler acquires an interest in TAG McLaren. Daimler website. 2 February 2000. Accessed 3 July 2006.

[3] "Mercedes may raise McLaren stake, no decision yet". Reuters. 2006-08-16. Retrieved 2006-08-16.

[4] "Bahrain company buys into McLaren". 2007-01-09. Retrieved 2007-01-11.

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