New Group with long history
ICA Gruppen is a new group of companies formed in 2013, but just as before, the core business is grocery retail. All of the operations can be developed based on their own merits, while at the same time supporting the core business.
In autumn 2012 Ahold in the Netherlands announced that it intended to evaluate its stake in ICA AB and in February 2013 Hakon Invest (listed on NASDAQ OMX Stockholm) and Ahold reached an agreement whereby Hakon Invest would acquire Ahold’s shares. This made Hakon Invest the sole owner of ICA.
Even before this acquisition, ICA was the dominant holding in Hakon Invest’s portfolio in terms of value. In 2013 the operational activities of ICA and Hakon Invest were merged, and to more clearly reflect the focus and future direction of the business Hakon Invest changed its name in May 2013 to ICA Gruppen.
Through cooperation and continued development of mutually supporting operations, ICA Gruppen is determined to firmly establish its leading position in the grocery retail market, further improve customer confidence and at the same time create a stable platform for sustained profitability and growth.
Hakon Swenson starts Hakonbolaget from which today’s ICA originated. The heart of the idea even back then was for individual retailers with their own stores to join forces and form purchasing centres so that, through coordinated purchasing and other forms of collaboration, they could achieve the same economies of scale as chain enterprises.
ICA AB is formed based on the purchasing centres that followed Hakon Swenson’s idea in the 1920s and 1930s.
ICA-handlarnas Förbund is formed.
The purchasing centres within ICA AB agreed on a common ICA symbol – today’s ICA logo. Today the ICA logo is one of Sweden’s best-known brands.
ICA becomes the market leader. The successes of the ICA retailers in the 1960s, ’70s and ’80s were in part due to the many new residential areas being built where ICA could open stores.
The name of the purchasing centres is changed to ICA AB. ICA-handlarnas Förbund becomes the main shareholder in ICA AB.
ICA Handlarnas AB and Norwegian Hakon Gruppen AS merge under one parent company – ICA AB. ICA Förbundet, which owns ICA Handlarnas AB, becomes the main shareholder in the parent company, but Canica AS, which owns Hakon Gruppen AS, also becomes a significant shareholder.
An agreement with Royal Ahold is concluded. At the end of 2000 ICA Förbundet Invest owns 30% of the parent company ICA Ahold AB, while Norwegian Canica AS owns 20% and Royal Ahold owns 50%. Hakon Invest is created under the name ICA Förbundet Invest AB.
ICA Bank’s operations are launched.
In 2004 Canica sells its shares, after which ICA-förbundet Invest owns 40%.
ICA and Kesko form Rimi Baltic AB as a joint venture. ICA Förbundet Invest AB changes its name to Hakon Invest AB. Hakon Invest’s share is listed on the Stockholm Stock Exchange.
ICA acquires Kesko’s share of Rimi Baltic AB and with it the brands Rimi Hypermarket, Rimi Supermarket, Säästumarket and Supernetto.
Conversion to the new red Rimi begins in Norway.
ICA launches Cura pharmacies and ICA To Go.
ICA Bank expands its services to include mutual fund solutions. ICA Norway divests the Norwegian ICA Maxi stores.
Hakon Invest acquires Ahold’s stake in ICA and the Group changes its name to ICA Gruppen.