Hapag-Lloyd to acquire Israeli shipping line ZIM for $4.2 billion

Israeli shipping line ZIM has entered into a merger agreement with Hapag-Lloyd, in which the German carrier giant will acquire the company for approximately $4.2 billion. 

At $35 a share, the price represents a 58 percent premium to the Israelis’ stock price on February 13, 2026. The combination of the two lines further strengthens the Israeli shipper's global market position and secures Hapag-Lloyd's status as the fifth-largest container shipping company worldwide. 

"I am incredibly proud of the strategic transformation we have executed over recent years, which has generated exceptional value for our shareholders," said Eli Glickman, ZIM's President and CEO. "Upon completion of this transaction, total capital returned will be approximately $10 billion, representing more than five times the company's initial market value five years ago."

In a press release posted to the company's website, the company says the transaction creates compelling benefits for its stakeholders, including enhanced capabilities with a large, modern fleet of over 400 vessels, and access to an expanded global network on Transpacific, Intra Asia, Atlantic, Latin America, and East Mediterranean trades. 

A New ZIM is born

Israel's largest private equity fund, FIMI, will head a new subsidiary liner company called New ZIM. The company's creation is subject to approval by the State of Israel. With a fleet of 16 vessels and a focus on directly connecting the Middle Eastern country to major ports in the EU, the US, the Mediterranean Sea, and Black Sea. The newly formed firm will have access to Hapag-Lloyd's Gemini network and its commercial support. 

"Today's announcement is the culmination of a thorough strategic review carried out by our Board of Directors," added Yair Seroussi, Chairman of ZIM's Board of Directors. "We believe this represents the most prudent and beneficial transaction for all stakeholders.” 

The transaction has been unanimously approved by the ZIM Board of Directors and is expected to close by late 2026. The deal is subject to approval by the company’s shareholders, regulatory authorities, and the State of Israel pursuant to the requirements of the Special State Share. 

*Main image courtesy of Hapag-Lloyd. Remaining images courtesy of ZIM via LinkedIn. 

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