Brief: Nordic Level Divests Security Operations

Nordic LEVEL AB

31/10/2023 08:34

Oct 31 (Reuters) - Nordic LEVEL Group AB  LEVEL.ST :
    * DIVESTS ITS SECURITY OPERATIONS AND FOCUSES ON SECURITY
TECHNOLOGY AND CONSULTING
    * TRANSACTION IS IN LINE WITH NORDIC LEVEL'S STRATEGY TO
REFINE
ITS OPERATIONS TOWARDS A PURELY SECTEC COMPANY, I.E. SECURITY
TECHNOLOGY AND CONSULTING
    * BUYER TAKES OVER TAX DEFERRALS IN THE ACQUIRED COMPANIES
AMOUNTING TO ABOUT 43 MSEK
    * ASSESSMENT IS THAT PROFITABILITY AT EBITDA LEVEL AFTER THE
SALE
WILL IMPROVE BY SEK 6-8 MILLION ANNUALLY

Source text for Eikon:  ID:nWkrbq1zYl 
Further company coverage:  LEVEL.ST 

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