Freshfields Advises Ericsson on Sale of Its IoT Business to Aeris

Freshfields is advising Ericsson on the sale of its IoT Accelerator and Connected Vehicle Cloud businesses and related assets to Aeris Communications, Inc. The transaction is expected to close in the first quarter of 2023.

Details of the transaction can be found here.

The Freshfields team is led by corporate/M&A Partners John Fisher (SV) and Joseph Halloum (SV), IP/tech transactions Partner Menachem Kaplan (NY) and executive compensation and employee benefits partner Lori Goodman (NY), with support from corporate/M&A Counsel Oliver Board (NY) and Associates Nicholas Luetgerath (NY) and Joyce Fan (NY), and IP/tech transactions Associates Daniel Spencer (DC) and Jennifer Lei (NY). Partner Dr. Thomas Granetzny (Düsseldorf) and Associates Andrew Herman (NY) , Sarah Rohmann (Düsseldorf) and Chaim Leggere (NY) are providing support on executive compensation and employee benefits matters; Partner Christine Lyon (SV) and Associate Laurie Morgan (NY) are advising on data privacy and security matters; Partner Aimen Mir (DC) on CFIUS matters; Partners Megan Rissmiller (DC) and Rafique Bachour (Brussels), Special Counsel Meytal McCoy (DC) and Associates Timothy Swartz (DC) and Jan Jeram (Brussels) on antitrust matters; and Partner Claude Stansbury (DC) and Counsel Dennis Caracristi (NY) on tax matters.

ENDS