inMusic targets installation after D&M Professional deal17 April 2014
InMusic Brands, the group behind DJ/controller names including Numark, Akai and Alesis, has acquired the exclusive rights to all current Denon Professional, Marantz Professional and Denon DJ products, as well as the exclusive right to build new products under those brands in perpetuity.
According to a statement from the Florida-based company: “The Denon and Marantz brands remain the property of D&M Holdings, who will continue to use them to produce products designed for use by mainstream consumers.”
“By adding Denon Professional, Marantz Professional, and Denon DJ to our family of brands, we’re strengthening our base of DJ assets while extending our footprint in the professional market to the commercial installation and contractor segments,” said Jack O’Donnell, owner and CEO of inMusic. “We’re excited about the products and technologies developed by these established brands, and look forward to writing the next chapter in the D&M Pro story by creating new, innovative products for Denon Professional, Marantz Professional and Denon DJ customers.
Jim Caudill, CEO at D&M Holdings, adds: “We are pleased to have reached agreement with inMusic to license the rights to the D&M Pro brands, as this is another step in our strategy to continue focusing on our core consumer brands.”
The shedding of the three brands follows D&M Holdings’ sale of the Calrec broadcast marque to private equity firm Electra Partners in March. D&M also disposed of Allen &Heath to Electra in June 2013.
O’Donnell’s inMusic, meanwhile, continues its bid for dominance in a number of technology markets. The company, which began with just the Numark brand in 1992, scooped up M-Audio and AIR Music Technology from Avid in 2012.