McLaren Technology Group

The McLaren Technology Group, based at the McLaren Technology Campus in Woking, Surrey, United Kingdom, is a British group of companies created by Ron Dennis, described by the International Herald Tribune as "a small conglomerate". The company was originally named the TAGMcLaren Group because of ownership from Mansour Ojjeh's TAG Group. It was renamed to simply the McLaren Group in 2003, then to its current name in 2015, after an increased focus in the technology industry. The Group was originally formed from a Formula One team established by New Zealander Bruce McLaren in 1963 and is now focused around the McLaren Honda Formula One Racing Team, the group's second most profitable company. The McLaren Technology Group is the 3rd largest conglomerate (including McLaren Automotive) in the UK by revenue. The company hoped to expand its market from Formula One to manufacturing cars with its launch of the successor to the McLaren F1, the McLaren P1 and has since produced seven more models. In recent years, the group has branched out to other precision manufacturing areas, such as motorized devices for the solar and wind industries. For three years, McLaren Group's technology subsidiary McLaren Applied Technologies works closely with GlaxoSmithKline (makers of Sensodyne, Boost etc.) Together they also plan to open a new building at the McLaren Technology Centre, called the McLaren-GSK Centre for Applied Technology.