Italian state-owned Invitalia reached a deal with ArcelorMittal to pay 400 million euros for joint control of AM Investco, which operates the ILVA steel plant. Invitalia may invest up to 680 million euros by May 2022 to raise its stake to 60%.

The Competition Commission of India approved the acquisition of AES Corporation's 49% stake in Odisha Power Generation Corporation Ltd by Odisha Hydro Power Corporation Ltd, a government entity. The deal counters a previous plan by Adani Power.

ArcelorMittal Construction signed an agreement with Llentab to acquire its mineral wool (MiWo) panel production line in Kungshamn, Sweden. The deal is expected to complete by the end of Q1 2021.

Swissbit Holding AG announced the acquisition of Hyperstone GmbH, a supplier of flash memory controllers, from CML Microsystems Plc. The transaction is subject to regulatory approval.

Hyundai Motor Group agreed to acquire an approximately 80% stake in Boston Dynamics from SoftBank Group, valuing the mobile robot firm at $1.1 billion. SoftBank will retain about 20%.

Nuremberg-based Gossen Metrawatt acquired WPT and all its subsidiaries, and WPT was renamed Global Power Technology (GPT).

Electrotek's parent company World Power Technologies (WPT) acquired Dranetz Technologies and Daytronic Corporation, and BMI and Dranetz merged to form Dranetz-BMI.

St. Marys Cement (a Votorantim Cimentos subsidiary) and McInnis Cement will combine their North American assets into a joint venture, with Votorantim Cimentos International holding 83% and CDPQ holding 17%.

Doosan Group selected Hyundai Heavy Industries Holdings as the preferred bidder to acquire a 36.07% controlling stake in Doosan Infracore. The deal is estimated at 700-800 billion won ($645-738 million) and expected to close by year-end 2020.

Wipro Infrastructure Engineering acquired PARI Robotics (Precision Automation and Robotics India) on December 10, 2020. Terms were not disclosed.

Korea Fiber, a composite materials company, has completed the transfer of its management stake to New Power Plasma, a semiconductor and display equipment parts maker. The deal aims to create synergies in carbon fiber processing and hydrogen vehicle fuel tank production.

Electrocomponents plc reached an agreement to acquire Synovos, a provider of integrated supply solutions in the Americas, for $145 million on a debt-free, cash-free basis. The acquisition is expected to complete in Q1 2021.

GlobalWafers Co., Ltd. announced a Business Combination Agreement to acquire all outstanding shares of Siltronic AG via a voluntary tender offer at EUR125 per share, valuing Siltronic at EUR3.75 billion. Wacker Chemie, holding 30.8%, has agreed to tender its stake.

Spectris plc sold Brüel & Kjær Vibro GmbH, a Darmstadt-based machinery protection and condition monitoring supplier, to Japan's NSK for EUR 180 million (GBP 163 million).

Main Post Partners-backed Fortis Solutions, which employs over 850 people across 14 sites, has acquired Kala Packaging, and intends to keep pursuing acquisitions.

Mahindra & Mahindra has acquired an additional 1,050 shares in its Finland-based subsidiary Sampo Rosenlew Oy for €3.5 million (Rs 31.15 crore), increasing its stake from 74.97% to 79.13%. Sampo Rosenlew is a manufacturer of combine harvesters.

Thomas Concrete Group has acquired Sollebrunns Betongelement AB, a Swedish precast concrete supplier. The acquisition also gives Thomas Concrete Group a 35.48% stake in Polish company Scanbet Sp. z o.o. The ownership transfer is planned for March 1, 2021.

Envionia (Enbionia) decided to acquire 200,000 shares (54.71% stake) of membrane manufacturer Cefratech for 1 billion KRW, with the acquisition expected to close on January 6, 2021.

Sartorius Stedim Biotech has acquired U.S.-based WaterSep BioSeparations LLC, a developer of hollow-fiber membrane devices for biopharmaceutical applications. The purchase price is approximately $27 million plus an earn-out of up to $9 million based on sales growth by 2023.

HON Corp signed a non-binding memorandum of understanding with White Group Pte Ltd to acquire a 49% equity interest in a robotics company operating in China.

AeroVironment announced on December 9, 2020, the acquisition of Telerob Gesellschaft für Fernhantierungstechnik mbH, a German developer of unmanned ground robotic solutions based near Stuttgart.

Cleveland-based private equity firm CapitalWorks acquired ERL Commercial Marine and its subsidiary Law Valve of Texas in a majority recapitalization. Baird Business Owner Solutions advised ERL on the deal.

MM Group agreed to acquire Kotkamills Group Oyj from its shareholders for an enterprise value of around EUR 425 million. Kotkamills operates a cartonboard mill in Kotka, Finland, and closing is expected by mid-2021.

Harvey Performance Company announced the acquisition of Titan USA, a manufacturer of carbide, high-speed steel and cobalt cutting tools based in West Springfield, Massachusetts.

Winning Group and EP Industries established a joint venture, Winning Automotive, which acquired the assets of SONA BLW Germany, an automotive supplier of precision forgings, through its subsidiaries. The acquired business has three production facilities in Germany, annual sales over €200 million, and 1,000 employees.

United States Steel Corporation exercised its call option to acquire the remaining equity of Big River Steel for approximately $774 million. The transaction is expected to close in Q1 2021.

ContourGlobal agreed to acquire a 1.5 GW portfolio of contracted power plants in the US and Trinidad and Tobago from Western Generation Partners for $837 million. The portfolio includes gas-fired and CHP assets.

The Middleby Corporation has acquired Wild Goose Filling, a leader in specialty liquid filling systems and food and beverage packaging equipment based in Louisville, Colorado. Wild Goose Filling generates $35 million in annual revenues.

GKN Aerospace, SAMC (COMAC subsidiary) and AVIC Supply have signed a joint venture agreement to manufacture composite and metallic aerostructures in Jingjiang, Jiangsu Province, China. The 80,000 m² facility is scheduled to begin production in Q4 2021 and employ 1,000 people by the mid-2020s.

Midwest private equity firm May River Capital has acquired Unibloc Pump, an Atlanta-area maker of positive displacement pumps, strainers and valves for sanitary applications. The deal was announced January 7, 2021.

Cattron acquired DynaGen Technologies Inc., a Nova Scotia producer of rugged engine and generator control panels, to expand its control solutions portfolio. The deal was announced on December 8, 2020.

Investindustrial's SPSI unit acquired a 24.2% stake in Guala Closures and agreed to buy a further 16.6%, lifting its holding to 48.9%. It will launch a full takeover offer at EUR 8.20 per share, announced on December 8, 2020.

Inix Technologies Holdings Bhd entered into a memorandum of agreement on 7 December 2020 to acquire a 51% equity interest in L&S Gloves Sdn Bhd for an investment of RM50 million. The definitive agreement is at an advanced stage.

Bell Textron Inc., a Textron Inc. company, announced on December 7, 2020, its acquisition of Response Technologies LLC, a composite solutions and fuel cell company based in Coventry, Rhode Island.

Bell, a Textron company, acquired Response Technologies LLC, a startup focused on flexible, 3D, textile-reinforced composite solutions for fuel cells and components.

GG Group transferred its Metallwerk production site in Linz, Austria, which processes 11,000 metric tons of non-ferrous metals annually into winding wires and rods, to Konstant Group of Companies, completing its strategic consolidation.

EQT Private Equity agreed to acquire a 29.6% stake in Beijer Ref, a wholesaler of cooling technology and air conditioning, from Carrier Global Corporation for approximately USD 1.1 billion, becoming the largest shareholder.

Gordon Technologies LLC has acquired Lodestar International LLC and its subsidiary MaxWell Downhole Technology Limited. Lodestar is a manufacturer and service provider of downhole dynamics-while-drilling measurement tools.

Olympus signed an agreement to acquire Veran Medical Technologies (VMT) through its subsidiary Olympus Corporation of the Americas for up to $340 million. The deal aims to strengthen Olympus' respiratory device portfolio by combining its endoscope technologies with VMT's electromagnetic navigation system for lung cancer diagnosis.

Mercury Systems has signed a definitive agreement to acquire Physical Optics Corporation (POC), a designer and integrator of avionics and mission subsystems for defense, for $310 million in cash. The deal is expected to be funded through cash on hand and Mercury's revolving credit facility.

Mexico-based Cemex plans to merge its Spanish subsidiary Cemex España with Netherlands-based New Sunward Holding, with the transaction to be registered in late 2020 or early 2021.

ATS Automation Tooling Systems announced a voluntary tender offer to acquire CFT S.p.A., a global supplier to the food and beverage equipment market, for an enterprise value of €166 million.

Volkswagen AG completed the acquisition of an additional 25% stake in its Chinese EV joint venture JAC Volkswagen Automotive Company, as disclosed in a filing by JAC Motors.

Arkema, through its Sartomer business, acquired Colorado Photopolymer Solutions, a photopolymer resin formulator for 3D printing, in early December 2020.

Huntsman Corporation agreed to acquire Gabriel Performance Products, a specialty chemical manufacturer, from Audax Private Equity for $250 million in cash, expected to close in Q1 2021.

Framatome signed a sale purchase agreement with Rolls-Royce to acquire its Civil Nuclear Instrumentation and Control business, with operations in France and China.

Global investment firm The Carlyle Group agreed to acquire the Acrotec Group, an independent supplier of high precision industrial applications to the watchmaking and MedTech industries, from private equity firm Castik Capital. Financial terms were not disclosed.

MFCP, a Parker Hannifin distributor, acquired Controlled Motion Solutions (COMOSO), Parker's largest tri-technology distributor in the Southwest, with ten locations in California, Arizona and Nevada. The deal was announced on December 7, 2020.

SPX FLOW entered a combination agreement to launch a recommended public tender offer for all shares of Finland's Uutechnic Group Oyj (UTG Mixing Group) at EUR 0.60 per share in cash. Closing is expected in Q1 2021.

Mondial announced the purchase of Sony's factory in the Manaus Free Trade Zone, including land, building and equipment. The company will start producing TVs, microwaves and air conditioners, hiring 420 new employees, with operations beginning in February 2021.