Rane Corporation is pleased to announce that cofounders Linda Arink and Dennis Bohn have agreed to sell Rane Corporation to InMusic LLC. The transaction is set to be completed this summer. After the sale Ms. Arink and Mr. Bohn plan to step down and retire.
Rane is one of the most admired companies within the DJ and commercial sound industry. “Rane will continue some operations out of the Mukilteo, Washington headquarters,” says Ms. Arink. Ms. Arink feels that with the added resources, engineering talent, and additional IP, InMusic is an ideal buyer for Rane Corporation and will help it grow now and in the future.
We’ve asked Rane and InMusic for additional comments, and will update this article if needed.