STEF SA (ENXTPA:STF) signed an agreement to acquire Bakker Logistiek Groep B.V. on October 26, 2023. BAKKER Logistiek generated the revenue of ?150 million for the year ended 2022. The transaction is subject to approval from the ACM, the Dutch competition authority as well as regulatory consultation procedures.

The transaction is expected to close in the first quarter of 2024.