Hapag-Lloyd has signed a definitive agreement to acquire 100% of the shares of ZIM Integrated Shipping Services in an all-cash transaction valued at more than $4 billion, marking one of the most significant consolidation moves in the global liner shipping sector in recent years.
Under the terms of the agreement, Hapag-Lloyd will pay $35 per share in cash for ZIM. The deal would create a combined business with a standing capacity exceeding 3 million TEU, a fleet of more than 400 vessels, and an annual transport volume of over 18 million TEU. The enlarged company would rank as the world’s fifth-largest container shipping line.
As part of the transaction, FIMI Opportunity Funds will acquire a carved-out Israeli container liner business. This new entity will take ownership of ZIM’s Special State Share, known as the Golden Share, currently held by the State of Israel, as well as the ZIM brand. The new Israeli container line will begin operations with 16 modern and efficient vessels and will focus on strategically important trade lanes while remaining closely connected to Hapag-Lloyd’s global network.
The transaction is subject to approval by ZIM shareholders and relevant regulatory authorities, with completion anticipated by late 2026. Until closing, both companies will continue to operate independently and remain competitors, maintaining only their existing vessel sharing and slot charter agreements.
The combination is expected to generate several hundred million dollars in annual synergies. Hapag-Lloyd said the merged entity would strengthen its network across major global trades, including the Transpacific, Intra-Asia, Atlantic, Latin America, and East Mediterranean corridors, while reinforcing its presence in key growth markets. The company also emphasized its intention to maintain a substantial and long-term presence in Israel.
The combined business will leverage the workforce and technological capabilities of both organizations, aiming to enhance customer service, operational quality, and digital innovation while pursuing profitable growth.
KEY QUOTES:
“ZIM is an excellent partner for Hapag-Lloyd. Customers will benefit from a significantly strengthened network on the Transpacific, Intra Asia, Atlantic, Latin America and East Mediterranean. We share the same ambitions: great customer service, outstanding operational quality, and a commitment to digital innovation – all powered by the expertise and passion of our people worldwide. We will use this opportunity to create the best team from the exceptional talent in ZIM and Hapag-Lloyd – in Israel and around the globe – and we commit ourselves to build a very substantial and long-term presence in Israel. Together, we will set new benchmarks of excellence and secure our position as the undisputed number one for quality in our industry.”
Rolf Habben Jansen, CEO of Hapag-Lloyd
“Today’s announcement is the culmination of a thorough strategic review conducted by ZIM’s Board of Directors dedicated to maximizing shareholder value. The decision reflects a comprehensive evaluation of all available options to ensure the best possible outcome for the company’s investors. We believe that it represents the most prudent and beneficial transaction for all ZIM stakeholders that further advances the tremendous value creation track record that we have established since our IPO.”
Yair Seroussi, Chairman of ZIM’s Board of Directors
“FIMI recognizes and believes in the strategic importance for the State of Israel of a strong independent Israeli shipping company. We will create a stable Israeli company, the new ZIM, and view Hapag-Lloyd as a significant strategic partner for its on-going operations. New ZIM will integrate significant transatlantic capabilities, alongside additional shipping routes to Europe, Africa, the Mediterranean Sea and the Black Sea, supported by advanced global maritime transport capabilities, while continuing to place the customer at the center of its operations. New ZIM will work to provide its customers with the highest level of service. FIMI intends to leverage its experience and strategic capabilities to lead New ZIM toward stable operations and uncompromising quality, while maintaining a deep commitment to its employees, suppliers and customers”.
Ishay Davidi, Founder and CEO of the FIMI Funds
