Techniques d'Avant Garde
From Wikipedia, the free encyclopedia
TAG Group (Holdings) SA is a private holding company based in Luxembourg City, in southern Luxembourg. At the head is Mansour Ojjeh son of the founder of the TAG Group Akram Ojjeh, who was a wealthy Saudi entrepreneur. TAG is an acronym of Techniques d'Avant Garde.
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[edit] History
TAG was formed in 1975.
TAG Heuer was formed as a subsidiary in 1985 when TAG bought Heuer, a renowned watchmaker specializing in racing chronographs. Together they modernised the product line and became one of the biggest names in Swiss watches. TAG Heuer was separated from the group in the 1990s and was acquired by LVMH in 1999 for $740 million USD. [1]
[edit] Activities
[edit] Aviation
TAG Aeronautics is distributor of Bombardier aircraft for the Middle East.
Based in Geneva, Switzerland, TAG Aviation is a provider of business aviation services, aircraft management, aircraft charter, maintenance, sales and acquisitions. TAG Aviation USA, Inc is a U.S. aviation management company located in San Francisco. TAG is a broker for and part owner of the AMI Jet Charter company in San Francisco that holds the FAA air carrier certificate to operate in the U.S. In late 2007 AMI Jet Charter's air carrier certificate was revoked by the FAA due to alleged operational control violations. However, there is on going speculation the FAA had other motives other than operational control. The company now operates solely as a broker of aircraft.
TAG Farnborough Airport Ltd. is a subsidiary of TAG Aviation which owns the freehold on Farnborough Airport west of London in the United Kingdom. The freehold was bought from the UK MOD Ministry of Defence in 2007 following the previous 99 lease agreement signed in 1999.
[edit] Motorsport
TAG sponsored Williams in the early 1980s and then supplied McLaren with TAG Turbo Engines with the help of Porsche in the mid 1980s. The McLaren relationship continues to this day, with the TAG Group holding 15% of the McLaren Group (Daimler AG, the Bahrain Mumtalakat Holding Company, and Ron Dennis own 40%, 30% and 15% shares respectively).
[edit] Formula One engine results
| Year | Team | GPs | Wins | Points |
|---|---|---|---|---|
| 1983 | McLaren-TAG | 4 | 0 | 0 |
| 1984 | McLaren-TAG | 16 | 12 | 143.5 |
| 1985 | McLaren-TAG | 16 | 6 | 90 |
| 1986 | McLaren-TAG | 16 | 4 | 96 |
| 1987 | McLaren-TAG | 16 | 3 | 76 |
[edit] Other
Other areas of business include advanced technology, real estate and consumer products.
