Hapag-Lloyd will acquire 100% of ZIM’s shares in a deal worth $4.2 billion. As reported by splash247, the business combination of both companies will secure Hapag-Lloyd’s market position as the fifth-largest container shipping company worldwide.
According to Hapag-Lloyd’s press release, the combined company will control more than 400 vessels, with capacity over 3 million TEU, and projected annual volumes to be above 18 million TEU.
Israel’s largest and leading private equity fund, FIMI, will form a new container line with 16 new vessels. “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,” said Ishay Davidi, Founder and CEO of the FIMI Funds.
Rolf Habben Jansen, CEO of Hapag-Lloyd, said: “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.”
The transaction is expected to close by late 2026, subject to shareholder and regulatory approvals.
Source : Splash247, Hapag-Lloyd