UK architecture and design firm Aukett Swanke, announced yesterday that it had acquired certain assets of recently liquidated RTS via its subsidiary, the Torpedo Factory Group (TFG). Founded in 2006, RTS is a UK-based master system integrator and smart building software provider for commercial real estate, trading as Vanti. TFG has paid £37,000 ($47,000) for the assets, with an additional up to £50,000 ($63,000) payable over the next 18 months dependent on meeting certain financial performance conditions deriving from the transfer and retention of certain RTS clients. Aukett Swanke has committed to take on RTS’ staff, to be based in a new Birmingham office, which will form part of the expanding group’s smart buildings offering. Overall TGF is raising up to £425,000 ($537,000) through the issue of new equity, for the purposes of generating working capital for its increased scale. Around £275,000 ($347,000) is being raised by way of direct subscriptions by certain existing and […]