McLaren to sell Applied arm to investment firm Greybull

McLaren to sell Applied arm to investment firm Greybull

McLaren Group is to sell its technology arm to a private investment firm in the latest stage of its bid to refocus on its core motorsport and supercar manufacturing operations.

Sky News has learnt that McLaren has agreed the key points of an agreement to sell Applied, a division which sells innovative technology services such as telemetry and data analytics to corporate customers.

One source said the deal had yet to be finalised but acknowledged that it was close to a conclusion.