Two-nucleon transfer reactions are essential tools to investigate specific features of the nuclear structure such as the correlation among valence particles in the transfer process. Besides, transfer reactions may be an important channel to take into account in charge exchange processes since they can represent a competing contribution to the final cross section. The two-proton pickup transfer reaction 40 Ca( 18 O, 20 Ne) 38 Ar has been measured at 270 MeV and the angular distributions for transitions to different excited states extracted. This work shows the analysis of the data performed by finite-range coupled reaction channel and coupled channel Born approximation methods. Extensive shell-model calculations are performed to derive the one-and two-proton spectroscopic amplitudes for the projectile and target overlaps. The role of the simultaneous and sequential two-proton transfer mechanisms to populate the measured final states or groups of states, mainly characterized by a high collectivity, is also discussed.