InMusic is set to acquire the Rane Corporation, paving the way for the retirement of co-founders Linda Arink and Dennis Bohn.
Already the corporate owner of 13 hardware and software companies serving the MI, pro audio and consumer electronics industries, the inMusic roster of companies spans keyboards, electronic percussion, recording hardware and software, loudspeakers/headphones, amplifiers/media players/signal distribution and lighting. Rane’s product offerings are seen to strengthen and broaden inMusic’s reach into several key market segments.
Founded and incorporated in 1981, the Rane Corporation is known for its DJ and professional audio products. Today, the company’s reputation for engineering excellence extends to a wide range of products, including DJ mixers, amplifiers, EQs, networking products and crossovers.
‘Rane Corporation is a great addition to inMusic,’ said Jack O’Donnell, CEO of inMusic. ‘It is a dynamic, esteemed audio brand focused on enhancing DJ performance and professional sound.’
‘I am proud Rane is going to become a member of the inMusic family,’ said Linda Arink, Finance Director for Rane. ‘This is the perfect new home for our company, one that will embrace the legacy of our products and grow our business to its maximum potential.’
The transaction is expected to take place in summer 2016.
More: www.rane.com
