Magic circle firm Freshfields Bruckhaus Deringer continues to be ranked one of the top global law firms to advise on mergers and acquisitions as last year’s post-financial crisis M&A high continued into 2015.The London-headquartered firm came fourth in Mergermarket’s league table of legal advisers ranked by deal value in the first quarter of 2015, jumping two places from Q1 2014.In the quarter it worked on 37 deals with a total value of £77m.Magic circle firms Linklaters (£57m) and Clifford Chance (£32m) also made the top 20. The top spot was taken by US firm Sullivan & Cromwell, which worked on 31 deals with a total value of $146.7m (£100m).Freshfields led the European table for deal value (£42m). Linklaters (£28m), Clifford Chance (£20m) and Slaughter and May (£19.5m) also made the top five.Deal values in Europe were slightly higher than Q1 2014, with M&A valued at £126bn.The most valuable sector was telecommunications, with deals adding up to £29bn.The UK’s M&A value was more than triple Q1 2014, with £51bn-worth of deals, reaching the highest quarterly value since Q4 2009. Over half of the activity came from bidders outside Europe with deals valued at £30bn.
Ericsson is teaming up with Telefónica Germany to enable 5G car production via a private 5G network for Mercedes-Benz at the company’s Sindelfingen plant in southern Germany. All production systems and machines in the new-build Factory 56 will be connected and operated via secure 5G with gigabit data rates and almost real-time latency times while handling large amounts of data. The 5G network will enable Mercedes-Benz to boost flexibility, production precision and efficiency as industry digitization and Internet of Things (IoT) becomes a reality in car production.The 5G network will facilitate data linking or product tracking on the assembly line. All processes will be optimized and made more robust, and if necessary, be able to be adapted at short notice to fit market requirements. As a private 5G network, the intelligent connecting of production systems and machines in Factory 56 will be done in a secure way.Ericsson and Telefónica Germany are building the network in the 20,000 sq.m complex, consisting of solutions from Ericsson’s Private Networks offerings and will hand over to Mercedes-Benz upon completion for operation. Mercedes-Benz says experiences gained from Factory 56 will be incorporated into plans for future 5G implementation in other plants.According to Jörg Burzer, Member of the Divisional Board of Management of Mercedes-Benz Cars, Production and Supply Chain, as the inventor of the car, they are taking digitalization in production to a whole new level. With the installation of a local 5G network, the networking of all production systems and machines in the Mercedes-Benz Cars factories will become even smarter and more efficient in the future. This opens up completely new production opportunities.Arun Bansal, President and Head of Europe & Latin America, Ericsson, said, 5G is about to change manufacturing as we know it through secure and almost real-time connectivity that will result in transformative productivity, speed and efficiency improvements. The car industry will be among the first to benefit, as will be the case with Mercedes-Benz where we are working closely with the company and Telefónica to put our 5G private network technology leadership into practice in Sindelfingen.Click to learn more about Ericsson’s 5G solutions and Ericsson Smart Manufacturing.