Nordic LEVEL Group
Nordic LEVEL Group is a Swedish security group based in Sundbyberg that combines technology integration, security advisory, and related service offerings. Its business covers security systems and services for fire protection, locks, access control, video surveillance, intrusion protection, monitoring, and 24/7 support, primarily across the Nordic market with selected international projects.
Fiscal year 2025 · change from previous year
Development 2021–2025
Business
Share of revenueIntegrated security systems, products and implementation services for physical security.
Security consulting and related advisory services, including partner-delivered cyber expertise.
24/7 operations, maintenance, training, alarm center and SOC support.
Customers
The company serves organizations that need tailored security solutions rather than off-the-shelf products, especially customers with complex sites or critical operations. Reported focus areas include societal-critical operations, critical infrastructure, banking and finance, and other customers that require integrated physical security, advisory support, and ongoing service.
Buys integrated security systems and ongoing support to protect essential facilities and operations.
Buys modernization of alarm, access and surveillance systems across distributed sites.
Buys project-based security integration, advisory and service contracts for buildings and assets.
Buys outsourced security functions, monitoring and staffing through partner-supported arrangements.
Strategy
The company’s strategy is to combine security advisory, technology integration and partner-delivered cyber capabilities into tailored solutions for demanding customers. It emphasizes flexible delivery models, including Security-as-a-Service, and a focus on critical infrastructure and other high-requirement environments where integrated offerings can create stickier customer relationships.
Combining consulting, systems and services increases relevance for complex customers.
These segments need higher-specification solutions and can support multi-site relationships.
Service contracts and 24/7 support can improve customer retention and visibility.
Geography
Nordic LEVEL Group is headquartered in Sweden and operates mainly on a national basis there, with offices in Stockholm, Gothenburg and Skellefteå. The company also handles specific customer assignments and projects internationally, but its core operating footprint remains the Nordic region.
Risks
The business is exposed to project execution risk, fixed-price contract disputes and intense competition, all of which can pressure pricing and delivery outcomes. It also depends on skilled personnel and on service and warranty commitments, while its use of partner-delivered cyber and staffing services adds third-party dependency risk.
Project work is often agreed at fixed prices, so scope misunderstandings can lead to losses or disputes.
Exposure: Project delivery
More competition can reduce pricing power and make it harder to win new contracts.
Exposure: New business and renewals
The model requires experienced specialists for design, installation, advisory and support work.
Exposure: Recruitment and retention
Installed security systems and service agreements can generate future repair or support costs.
Exposure: Aftermarket commitments
Accounting
Judgemental itemsDifferent treatment for advisory, service contracts and product sales changes timing of revenue and profit.
Impact: Contract assets, contract liabilities and quarterly comparability
The group carries acquired goodwill and brand values that require annual impairment testing.
Impact: Potential non-cash write-downs
Acquired customer relationships are amortized over time and affect reported operating profit.
Impact: Amortization expense
Leased offices, warehouses, machines and vehicles create right-of-use assets and lease liabilities.
Impact: Balance sheet leverage and depreciation/interest split
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Last updated: 24/09/2026