Abu Dhabi and Bahrain Join Forces to Acquire McLaren Automotive in $700 Million Deal

ABU DHABI: Valued at around $700 million, this strategic partnership is set to propel McLaren towards achieving its full potential as the brand gets access to advanced engineering and seasoned leadership.

 

• The goal of the $700 million deal is to enhance the technology, engineering, and leadership capabilities of McLaren

• CYVN will leverage the iconic heritage of the brand to build a high-performance mobility platform that will remain globally connected

• The acquisition follows McLaren’s $1.2 billion revenue in 2023 and its victory at the 2024 Abu Dhabi Grand Prix, which demonstrates the consistent success of the brand in luxury automotive and motorsport sectors.

 

CYVN Holdings, based in Abu Dhabi, along with the sovereign wealth fund of Bahrain, Mumtalakat, have joined hands to acquire McLaren Automotive and a portion of its racing business in a landmark deal. 

The Chairman of CYVN Holdings, Jassem Mohammed Bu Ataba Al Zaabi, stated that the acquisition is a transformative step in the mission of the company to establish a globally connected mobility platform. 

He pointed out that Abu Dhabi was emerging as a prominent hub for advanced mobility and innovation. The advanced technology and engineering of CYVN and the iconic heritage of McLaren will help in redefining high-performance mobility, setting a new standard for excellence.

McLaren Automotive Continues with Its Legacy

McLaren Automotive is known for its high-performance vehicle and motorsport legacy. The brand continues to innovate in the automotive industry, setting new benchmarks in the UAE. In 2023, the brand generated a revenue of $1.2 billion and has produced 20,500 cars till date. The new deal solidifies its position as a leader in the luxury car segment.

 This acquisition follows the recent triumph of McLaren in the Manufacturer’s category at the 2024 Abu Dhabi Grand Prix. This excellence demonstrates the power of the brand in both engineering and motorsport. 

The new deal is expected to strengthen the global presence of McLaren and foster innovation. The iconic legacy of the brand, along with CYVN’s vision, will establish a revolutionary future for the automotive industry in the UAE.