Nordic LEVEL Group AB (publ.) (OM:LEVEL) entered into a letter of intent to acquire Ip Security Scandinavia Ab on October 14, 2022. Under the terms of transaction, SEK 10 million will be paid in cash, SEK 5 million will be paid in shares and earnout of SEK 15 million will be paid 50% in cash and 50% in shares. IP Security's turnover in the financial year 2021 was approximately SEK 46 million with an EBITDA margin of approximately 12 percent.

Nordic LEVEL Group AB (publ.) (OM:LEVEL) cancelled the acquisition of Ip Security Scandinavia Ab on January 26, 2023.