The amount and terms of the transaction were not disclosed. The acquisition is expected to have little impact on the consolidated results of the Group for the 2015 financial year.
- Investment in Logic provides JTI a significant share of the largest and fast-growing US market of electronic cigarettes. Not a bad Logic's market share in the US in addition to the acquisition of E-Lites in the UK will be the basis for the global ambitions of the group leadership in new products, - said in the statement.
Japan Tobacco Inc. was established in 1999 after the acquisition of Japan Tobacco by International Tobacco RJReynolds American company for $ 8 billion. In 2007, Japan Tobacco bought Britain's Gallaher Group for 9.4 billion pounds. At that time, it was the largest acquisition of the Japanese company outside the country. The headquarters of JTI is located in Geneva,.
The American company Logic was founded in 2010. It produces and sells a wide range of reusable and disposable electronic cigarettes.
- Investment in Logic provides JTI a significant share of the largest and fast-growing US market of electronic cigarettes. Not a bad Logic's market share in the US in addition to the acquisition of E-Lites in the UK will be the basis for the global ambitions of the group leadership in new products, - said in the statement.
Japan Tobacco Inc. was established in 1999 after the acquisition of Japan Tobacco by International Tobacco RJReynolds American company for $ 8 billion. In 2007, Japan Tobacco bought Britain's Gallaher Group for 9.4 billion pounds. At that time, it was the largest acquisition of the Japanese company outside the country. The headquarters of JTI is located in Geneva,.
The American company Logic was founded in 2010. It produces and sells a wide range of reusable and disposable electronic cigarettes.