Rane Corporation has been sold to inMusic.

Rane was set up back in 1981, and has since earned a solid reputation for its high-end equipment, such as the recent MP2014 rotary. Earlier today, Resident Advisorreported that the company has now been sold on to the umbrella organization inMusic. The new owners have also purchased the likes of Numark, Denon, Akai, and Denon in the past, and are in charge of several others. The owners of Rane have stated that the transfer of ownership was made with their retirement in mind.

Check out Nick Lapien‘s review of the MP2014 here.