Ceva Logistics AG signed a binding term sheet agreement to acquire 49% stake in MACCFA Freight Logistics PLC for $5.9 million on April 20, 2020. Post deal completion, MACCFA will be integrated into the CEVA network. The deal is subject to regulatory approvals. The closing of the acquisition is expected in the second quarter of 2020. As of September 7, 2020, the closing of the acquisition is expected in the third quarter of 2020. Ceva Logistics AG completed the acquisition of 49% stake in MACCFA Freight Logistics PLC on October 8, 2020.