UAB ICOR

ICOR (ex Rubicon group) is a Lithuanian group of more than 100 companies with 6,800 employees. The companies of the corporate group operate in more than 10 countries. Products and services of the companies are supplied to a market of over 60 countries.

Chairman of the Board of ICOR is Andrius Janukonis, Board Members are Gintautas Jaugielavičius and Linas Samuolis, CEO is Artūras Gudelis.[1] Shareholders of the group are A. Janukonis, G. Jaugielavičius and L. Samuolis.

History

The Rubicon group formed in 1990 as the freight forwarding consulting company Rubicon. The founders were former students of Vilnius University and the current Board members. They later became board members of the Rubicon Group of companies. Metal trading activities were expanded in Lithuania and then in Russia. In 2011, the group posted sales of LTL 905 million (EUR 262.1 million).[2] In 2005 the company had a turnover of LTL 311 million (approx. EUR 90 million) and a profit of LTL 24 million (EUR 7 million).

In 2010, three group co-founders, shareholders, and board members (Rimantas Bukauskas, Arūnas Mačiuitis and Remigijus Lapinskas) sold their shares to the remaining four shareholders (Andrius Janukonis, Linas Samuolis, Gintautas Jaugielavičius, Darius Leščinskas) and bought 100% shares of Siemens Arena, the ticketing and ticket sales company "Tiketa" and "Panevėžio arena", which managed the “Cido Arena”. “Rubicon group” became ICOR and then managed “City Service”, “Ecoservice”, “Bionovus”, the “Realco” group of companies and the “Vichy” water park.[3] At the end of 2016, there were 6,999 employees. In 2017, a profit of 20.885 million euros was achieved.

Today the company successfully works in the public utilities, industry and energy, trade in petroleum products and real estate development fields. The turnover of the ICOR group in 2018 was 558 million EUR. They also belonged to the largest basketball and concert venue in Vilnius Siemens Arena, Panevėžio Arena in Panavezhis and other objects.[4]

Structure

ICOR owns Axis Technologies (biofuel energy solutions); “Veikmės statyba” (construction); Realco (real estate projects); “Oilead” (international trade in petroleum products); “Natural Fiber” (factories for the processing of hemp stalks); “Agrosfera” (house of grain).[5] ICOR owns the AXIOMA group of companies: Axioma Servisas (maintenance of equipment for industrial enterprises), Axioma Metering (production of ultrasonic heat and water meters) and Remeksi Keskus (services for the production of metal structures).[6]

References
  1. „Rubicon group“ tapo ICOR, akcininkai pasidalijo verslus (papildyta) ("Diena.lt", 15 Januar 2010)
  2. "Finansiniai rezultatai - icor.lt". 2013-07-27. Archived from the original on 27 July 2013. Retrieved 2022-02-02.
  3. Kuokštis, Vytautas (2015-01-01). "POLITIKA IR INVESTUOTOJŲ PASITIKĖJIMAS: BALTIJOS ŠALYS PER KRIZĘ". Politologija. 59 (3): 59–86. doi:10.15388/polit.2010.3.8299. ISSN 2424-6034.
  4. "Сименс Арена (Siemens Arena), Вильнюс". Про Вильнюс - лучший путеводитель для русских. Retrieved 2022-02-02.
  5. BDM CORP MCLEAN VA (1981-01-30). "The ICOR Model". Fort Belvoir, VA. doi:10.21236/ada114079. {{cite journal}}: Cite journal requires |journal= (help)
  6. imagine.lt. "Titulinis | Axioma Metering". www.axiomametering.com. Retrieved 2022-02-02.
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