McLaren Technology Group, headquartered in Woking, Surrey, United Kingdom, is a renowned British conglomerate excelling in the realms of high-technology and innovation.
Founded by Ron Dennis in 1981, the company has undergone several name changes, originally known as TAG McLaren Group due to its partnership with the TAG Group and subsequently rebranded as the McLaren Group in 2003 before adopting its current name in 2015.
The organization traces its roots back to the establishment of a Formula One team by Bruce McLaren in 1963 and has since evolved to encompass various successful ventures, with the McLaren F1 Team serving as its focal point.
With an illustrious history in Formula 1, McLaren Group has garnered worldwide acclaim as a trailblazing force in the industry. Its unwavering commitment to innovation and pioneering spirit has propelled the racing team to secure an impressive record of 20 World Championships and over 180 race victories. Beyond motorsports, the group has diversified its portfolio to include McLaren Automotive, a global leader in high-performance sports car manufacturing, and McLaren Applied, a game-changing technology and innovation business.
Despite its expanding interests, McLaren's core objective remains singular: a relentless pursuit of victory in every endeavor. The company has sought to broaden its horizons by venturing into new domains such as precision manufacturing for the renewable energy sector, specializing in motorized devices for solar and wind industries.
In the dynamic landscape of McLaren Technology Group, the organization's history is marked by moments of strategic reshaping. Founder Ron Dennis made multiple attempts to acquire shares from stakeholders, with the intention of taking a controlling interest in the company. However, these efforts did not materialize, leading to Dennis ultimately leaving the company in January 2017. Subsequently, in June 2017, Dennis sold his shares to other stakeholders, leading to a merger between McLaren Technology Group and McLaren Automotive, resulting in the establishment of a new entity under the previous McLaren Group name.