inMusic acquires Rane Corporation7 July 2016
inMusic, the owner of 13 companies within music, professional sound and consumer electronics, including Marantz and Denon Professional has acquired Rane Corporation, which manufactures audio products for the DJ and pro audio markets.
Rane Corporation, co-founders Linda Arink and Dennis Bohn have agreed to sell the company and both plan to retire once the sale has been completed this summer.
inMusic’s portfolio of companies makes products including loudspeakers, amplifiers, signal distribution and lighting and consumer electronics. Rane’s product scope extends into DJ mixers, amps, equalisers and networking products, broadening the combined portfolio and allowing inMusic to reach several key market segments.
“Rane Corporation is a great addition to inMusic,” said Jack O’Donnell, CEO of inMusic. “Rane 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.”
However, DJWORX reported that the majority of Rane’s 60+ workforce will be ‘permanently displaced’ at the end of July and manufacturing will be moved to inMusic’s contractors in the far east.