Together with "Theory of Operator Algebras I, II" (EMS 124 and 125), this book, written by one of the most prominent researchers in the field of operator algebras, presents the theory of von Neumann algebras and non-commutative integration focusing on the group of automorphisms and the structure analysis. It is is part of the recently developed part of the "Encyclopaedia of Mathematical Sciences" on operator algebras and non-commutative geometry (see http://www.springer.de/math/ems/index.html). The book provides essential and comprehensive information for graduate students and researchers in mathematics and mathematical physics.
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