Techniques d'Avant Garde
Techniques d'Avant Garde (or TAG Group (Holdings) SA ) is a company based in Luxembourg . The company became known for financing a turbo engine from Porsche , with which the McLaren team dominated Formula 1 in the mid-1980s. The chairman is the Arab entrepreneur Mansour Ojjeh .
history
TAG was founded in 1975 by Akram Ojjeh .
TAG Heuer was founded as a subsidiary in 1985 when TAG took over the Heuer company . TAG Heuer was spun off in the 1990s and taken over by LVMH in 1999 for US $ 740 million .
Business areas
aviation
TAG Aeronautics
TAG Aeronautics is a Bombardier aircraft distributor in the Middle East.
TAG Aviation
TAG Aviation is a company that organizes business flights, but also organizes the maintenance and purchase and sale of aircraft. Maintenance was transferred to Dassault Aviation in 2019 .
TAG Farnborough Airport Ltd.
TAG Farnborough Airport Ltd. is a subsidiary of TAG Aviation. She has a 99 year lease for Farnborough Airport .
Motorsport
TAG supported Williams in the early 1980s. The company became known through the TAG Porsche project, a turbo engine for the McLaren team in Formula 1 . The connection to the McLaren team continues to this day, Mansour Ojjeh holds 25% of the McLaren Group .
Other
Other businesses include high tech, real estate, and consumer goods.
Individual evidence
- ↑ http://money.cnn.com/1999/09/13/europe/lvmh/
- ↑ Patrick Holland-Moritz: Dassault intensifies maintenance activities. In: aerokurier.de. September 9, 2019, accessed June 21, 2020 .
- ↑ http://www.speedweek.com/formel1/news/57489/McLaren-Wird-Ron-Dennis-Mehrheits-Eigentuemer.html