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  5. SciSparc Acquires AutoMax

M&A Deal Summary

SciSparc Acquires AutoMax

On April 11, 2024, SciSparc acquired automotive company AutoMax

Acquisition Highlights
  • This is SciSparc’s 1st transaction in the Automotive sector.
  • This is SciSparc’s 1st transaction in Israel.

M&A Deal Summary
Date 2024-04-11
Target AutoMax
Sector Automotive
Buyer(s) SciSparc
Deal Type Add-on Acquisition

Target

AutoMax

Jerusalem, Israel
AutoMax is engaged in parallel importation and marketing of various private vehicle products that include a diverse range of vehicles such as small family cars, crossover vehicles, executive cars, SUVs, premium vehicles, work vehicles, and vehicles adapted for the disabled. AutoMax is based in Jerusalem, Israel.

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Buyer(S) 1

Buyer

SciSparc

Tel Aviv, Israel
Category Company
Founded 2004
Sector Life Science
Revenue 1M USD (2024)
DESCRIPTION

SciSparc is a specialty clinical-stage pharmaceutical company led by an experienced team of senior executives and scientists. SciSparc’s focus is on creating and enhancing a portfolio of technologies and assets based on cannabinoid pharmaceuticals. SciSparc was formed in 2004 and is based in Tel Aviv, Israel.

DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Israel M&A 1 of 1
Year: 2024 M&A 1 of 1
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