Abu Dhabi based CYVN Holdings has completed its acquisition transaction of McLaren’s Automotive business and a non-controlling stake in McLaren’s Racing business.
McLaren Automotive and British luxury start-up, Forseven, will integrate under new McLaren Group Holdings.
Go deeper with GlobalData
The new company will also include CYVN’s non-controlling stake in McLaren Racing and majority shareholding in McLaren Licensing under new Group CEO, Nick Collins.
McLaren Automotive will benefit from CYVN’s strategic investment in Nio, to deliver access to ‘visionary technologies and electrification’, in addition to ‘three years of stealth mode development from the team at Forseven’. This development process has leveraged Gordon Murray Technologies, following its strategic acquisition by CYVN Holdings in 2023 to accelerate CYVN’s engineering and lightweighting expertise.
McLaren said that as a clear demonstration of the group’s intent to move at pace, McLaren Automotive’s portfolio will be expanded into ‘new product categories, details of which will be announced later this year’.
Nick Collins, currently CEO of Forseven, will assume the role of Chief Executive Officer of McLaren Group Holdings.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataJassem Al Zaabi, who will become Chairman of McLaren Group Holdings, commented: “I’m personally committed to making this vision a reality. It isn’t just about investing, it is about shaping the future of McLaren as a brand, as a business and its place on the global automotive map. We want to – and we will – push boundaries and deliver groundbreaking innovations that drive real progress in the sector.
“This is the start of an exciting new era for McLaren as a car brand and an automotive business. With our active ownership through CYVN Holdings and our portfolio of complementary businesses and strategic investments, McLaren will have access to world-class engineering and design excellence, leading-edge technology, and experienced leadership in advanced mobility. These resources will fuel McLaren’s next chapter, enabling the brand to stay at the forefront of innovation.”
He added: “We are also equally committed to driving the long-term success of McLaren Racing. Our investment reflects our strong conviction in the Racing business’ potential, and we look forward to supporting the team in building on their successes, winning more podiums, and inspiring fans worldwide.”
Nick Collins, McLaren Group Holdings Chief Executive Officer, commented: “With the support and ambitions of our shareholder, we have a unique opportunity to sustainably grow McLaren into a world-beating company. The combination of what McLaren has achieved, and what Forseven has built in a short time is incredibly complementary. Together, we believe McLaren can be more, can do more and can offer more.”
Turnaround plan
Running concurrently with the integration and structural alignment process over the next six months, a turnaround plan for the existing McLaren Automotive operation is described as ‘required and will commence immediately’.
Collins said: “We have a clear strategy to achieve our vision, and we will move at an incredible pace to do so. We need to optimise operations, deliver efficiencies and reshape the new integrated organisation, so that we can grow our portfolio of cars, enhance customer experience and continue strengthening our global supplier and dealer relationships.”
More details on the new McLaren Automotive vision and strategy will be announced later this year, McLaren said.
