Japan Tobacco completed the acquisition of Logic Technology Development.

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.