Rane sold to InMusic as founders retire

Rane MA4 amplifier

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.