Harmon Industries Announces Two Acquisitions

BLUE SPRINGS, Mo. (Tuesday, October 1, 1996) -- Harmon Industries, Inc., a leading supplier of signal and train control products to freight and transit systems throughout North America and the world, today announced the acquisition of two Jacksonville, Fla. companies that will enhance Harmon's engineering expertise and capabilities.

Harmon has acquired First Coast Signal Engineering, Inc. and Omaha Railway Signal, Inc. Both companies are expected to move into the Harmon facility in Jacksonville upon the completion of its expansion in November. Terms of both acquisitions were not announced.

First Coast Signal Engineering is a privately-held corporation with 13 engineers. They have focused on engineered railroad highway crossing services for class one railroads.

Omaha Railway Signal brings a staff of five engineers with outstanding experience and longevity in the industry. Many of these staff members are former rail employees, giving Harmon additional depth in the railroad service industry.

"These acquisitions solidify our already strong engineering capabilities and address a specific growth area in our industry," said Björn Olsson, Harmon president and chief executive officer. "Contract engineering is in high demand and this enhances our ability to better service customers in this region."

Harmon Industries, Inc., is traded on the NASDAQ National Market System under the symbol "HRMN." For further information, please contact Charles M. Foudree, executive vice president - finance and chief financial officer, Harmon Industries, Inc., 1300 Jefferson Court, Blue Springs, MO 64015. The telephone number is (816) 229-3345.

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