Hapag-Lloyd to Acquire ZIM in $4.2 Billion Landmark Merger

ZIM Integrated Shipping Services has entered into a definitive merger agreement to be acquired by Hapag-Lloyd for $35.00 per share in cash. The transaction, valued at approximately $4.2 billion, represents a 58% premium over ZIM’s closing price on 13 February 2026. This consolidation secures Hapag-Lloyd’s position as the world’s fifth-largest container shipping line.

As part of the strategic restructuring, a new Israeli entity, “New ZIM,” will be formed by FIMI Opportunity Funds to maintain Israel’s maritime sovereignty and fulfill “Special State Share” obligations.

A New Global Powerhouse in Container Shipping

The merger combines Hapag-Lloyd’s expansive infrastructure with ZIM’s agile, tech-driven fleet. By 2027, the combined company expects to operate:

• Fleet Size: Over 400 modern vessels.
• Total Capacity: Exceeding 3 million TEU.
• Annual Volume: Projected at more than 18 million TEU.

The acquisition strengthens service offerings on key Transpacific, Intra-Asia, Atlantic, and Latin American trades. Crucially, ZIM customers will gain access to the Gemini Cooperation network, the high-reliability alliance co-founded by Hapag-Lloyd.

“New ZIM” and the Special State Share

To address sensitive regulatory requirements regarding Israel’s national security, the deal includes a unique carve-out:

• Israeli Core: FIMI Opportunity Funds will create “New ZIM,” an independent Israeli-incorporated liner.
• Strategic Assets: This new company will own and operate 16 vessels dedicated to serving critical trade routes into Israel from the EU and US.
• Operational Support: While independent, “New ZIM” will receive commercial support from Hapag-Lloyd and access to the Gemini network to ensure seamless connectivity.
• State Continuity: FIMI will assume the “Special State Share” (Golden Share) obligations, ensuring the fleet remains available for national emergencies.

The Culmination of a 20-Year Transformation

ZIM CEO Eli Glickman described the acquisition as the “extraordinary” conclusion to a turnaround that began in 2017. Since its 2021 IPO, ZIM has returned roughly $10 billion to shareholders through dividends and this final cash consideration—nearly five times its initial market value.

Glickman highlighted the company’s industry-leading adoption of LNG propulsion (now 40% of its capacity) and its “digital-first” approach as the primary drivers that made ZIM an attractive target for Hapag-Lloyd.

Next Steps to Closing

The transaction is expected to close by late 2026, pending:

• Approval by ZIM shareholders.
• Regulatory clearances in multiple jurisdictions.
• Formal consent from the State of Israel regarding the transfer of the Golden Share.

Hapag-Lloyd has committed to maintaining a significant business presence in Israel and retaining ZIM’s specialized workforce during the transition.