The story
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 905 million litas (€262.1 million). In 2005 the company had a turnover of 311 million litas (approx. €90 million) and a profit of 24 million litas (€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 the 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. 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. They also belonged to the largest basketball and concert venue in Vilnius Siemens Arena, Panevėžio Arena in Panavezhis and other objects.
From Wikipedia’s article on UAB ICOR, shared under CC BY-SA 4.0.5