InMusic has acquired Rane Corporation after cofounders, Linda Arink and Dennis Bohn, announced their intention to step down and retire.
The transaction will complete this summer
with Arink expressing hopes that with InMusic
backing Rane will be in a good
position to grow.
"Rane will continue some
operations out of the Mukilteo, Washington headquarters," she
added.
The deal sees the continued expansion
of InMusic after it added Denon Professional,
Marantz Professional and Denon DJ to its
family of professional and consumer brands in 2014.