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Announced

Completed

Japan Tobacco completed the acquisition of Logic Technology Development.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Completed

Friendly

e-cigarettes

Acquisition

United States

Personal Products

Majority

Cross Border

Private

Synopsis

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Japan Tobacco, a Japanese diversified tobacco company, completed the acquisition of Logic Technology Development, a US e-cigarette brand. Financial terms were not disclosed. “With the Logic brand and its strong portfolio of products, the JT Group has a sizeable participation in the largest and fast-growing US e-cigarette market. Logic’s well-established presence in the US, in addition to our acquisition of E-Lites in the UK, further underpins our global ambitions to become the leader in emerging products," Masamichi Terabatake, Japan Tobacco International Executive Vice President and Deputy CEO.

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