Harmon Acquires Syseca, Inc.
15.03.1999, 15:46
BLUE SPRINGS, Mo. (ots-PRNewswire) - Harmon Industries, Inc.,(Nasdaq: HRMN) announces it has completed the acquisition ofSyseca, Inc. A former affiliate of the Syseca group of companiesunder the Information Technology Group of Thomson-CSF (Paris,France), Syseca, Inc., is located in Marina del Rey, Calif. andCarrollton, Texas. Syseca, Inc., is one of the leaders in the design andinstallation of operations control systems for the transportationand energy markets. Its advanced systems are used by numerousclients, including rapid transit authorities and governmentalinstitutions throughout the world, to meet their dailyoperational challenges. Syseca, Inc.'s system capabilities forheavy and light rail include: -- Train Control/Centralized Traffic Control (CTC) and Train
Movement Planning -- Automatic Train Supervision (ATS) -- Supervisory Control and Data Acquisition (SCADA) -- Network Optimization -- Automatic Vehicle Identification (AVI) systems These systems are currently used by: New York City TransitAuthority; Metropolitan Baltimore Mass Transit Authority; LosAngeles Metropolitan Transportation Authority; WashingtonMetropolitan Area Transit Authority; Chicago Transit Authority;Metropolitan Atlanta Rapid Transit Authority and others. Syseca, Inc. combines in-depth knowledge of technology in theEnergy sector with extensive expertise in data processing. Thecompany has designed, developed and installed numerous SCADA,plant control, plant security and energy management systems forutility companies. "Through this acquisition, we have obtained some of theleading control systems technology in existence today," saidBjorn E. Olsson, president and chief executive officer of HarmonIndustries, Inc. "This technology augments the work Harmon isalready doing in the development of Communications Based TrainControl. The Syseca, Inc. control systems technology helpscomplete Harmon's total systems offerings to its customers inboth the transit and freight railroad markets. This acquisitionalso gives Harmon a window into the rapidly evolving energymarket." Terms of the acquisition are not disclosed. Harmon Industries, Inc., is a leading supplier of signal,inspection, train control and communications products and systemsto freight and transit systems throughout the world. The companyis traded in the over-the-counter market and is quoted on theNasdaq National Market System under the symbol HRMN. For furtherinformation, please contact Charles M. Foudree, executive vicepresident-finance, Harmon Industries Inc., 1600 N.E. CoronadoDrive, Blue Springs, Mo. 64014. The telephone number is 816-229-3345. ots Original Text Service: Harmon Industries, Inc.Internet: http://www.newsaktuell.de Contact: Charles M. Foudreeof Harmon Industries, 816-229-3345, email cfoudree@harmonind.com
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