Aukett Swanke Advances in Smart Building Sector

Aukett Swanke (GB:AUK) has released an update.

Aukett Swanke Group PLC has successfully completed the sale of The Old Torpedo Factory, significantly reducing its debt, and implemented a cost reduction program aiming for £2 million in annual savings. Despite a challenging year with expected losses, the company is investing in its Smart Buildings division, with recent acquisitions like Vanti contributing to new contract wins and ecoDriver set to launch an AI sustainability product named EDDIE. The group is on track to position itself as a global leader in smart, sustainable building design and operation.

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