inMusic: InMusic to acquire audio manufacturer Rane

InMusic has revealed that it is set to acquire DJ product manufacturer Rane Corporation, with the transaction set to be completed this summer.Co-founders Linda Arink and Dennis Bohn have agreed to sell Rane to inMusic and plan to retire once the acquisition is complete.Rane is well-known for its cutting-edge audio products for the DJ and professional sound markets. Founded and incorporated in 1981, Rane quickly established itself as a valuable supplier to the professional sound market, with products that introduced new and innovative features, with an emphasis on performance, value and reliability.Today, Rane's reputation for engineering excellence extends to a wide range of products, including DJ mixers, amplifiers, equalisers, networking products and crossovers.The inMusic roster of companies spans the range from keyboards, electronic percussion, recording hardware and software, loudspeakers/headphones, amplifiers/media players/signal distribution, lighting and consumer electronics.The firm says Rane's product offerings fit perfectly within its marketing approach, significantly strengthening and broadening inMusic's reach into 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."Linda Arink added: "I am proud Rane is going to become a member of the inMusic family. 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."InMusic's family of brands includes AIR Music Technology, Akai Professional, Alesis, Alto Professional, Denon DJ, Denon Professional, ION Audio, Marantz Professional, Marq Lighting, M-Audio, MixMeister and Numark.Find out more about the company at www.inmusicbrands.com.