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HONEYWELL TO ACQUIRE PROFIMATICS; EXPANDS ABILITY TO SERVE HYDROCARBON PROCESSING INDUSTRY

 MINNEAPOLIS, June 13 /PRNewswire/ -- Honeywell Inc. (NYSE: HON) has entered into an agreement to acquire Profimatics, Inc., an engineering services and software firm specializing in control and computing technologies for the hydrocarbon processing industry.
 The purchase, from Computer Task Group Inc. of Buffalo, N.Y., will significantly enhance Honeywell's ability to deliver TotalPlant(R) open solutions to its customers in the hydrocarbon processing industry. Profimatics is widely recognized as an industry leader in advanced control software, process modeling, plant optimization, plantwide integration of automation and information systems and training. The company, which will be renamed Honeywell Profimatics, is based in Thousand Oaks, Calif., and also has an office in Wedel, Germany.
 Completion of the transaction is subject to receipt of all necessary regulatory approvals and several other matters.
 Honeywell's TotalPlant open solutions are a comprehensive group of architectures, applications and services that allow process manufacturers to unify all of their process automation and business information systems.
 Honeywell plans to make Profimatics part of its Industrial Control business, which is based in Phoenix. Honeywell Industrial Automation and Control, an Industrial Control strategic business unit, is the world's leading supplier of automation solutions for the hydrocarbon processing industry.
 Honeywell Industrial Control President Ed Hurd noted that the acquisition of Profimatics will enable Honeywell to broaden and deepen its portfolio of solutions and, as a result, better serve its customers.
 "For Honeywell to deliver the most value to its customers, we need to be more than a vendor to them; we need to be a partner who helps them in every way possible to produce high-quality products consistently, safely and profitably," Hurd said. "By adding Profimatics' capabilities to our TotalPlant portfolio, we have greatly strengthened our ability to do just that."
 Profimatics President Roger Pelham welcomed the acquisition, saying that Honeywell and Profimatics will be a powerful force in providing advanced technologies to the hydrocarbon processing business.
 "Our aim is to provide total solutions for Honeywell customers," he said, adding that Profimatics will continue to grow its existing business with customers using non-Honeywell platforms as well.
 Profimatics' products and services include PIROS, software that unifies a plant's automation and information systems, and advanced applications to manage tasks such as process modeling, multivariable predictive control, plant simulation and blending optimization. Profimatics also performs engineering studies, designs control systems and offers industry training courses.
 Honeywell currently provides advanced services to its customers through ICOTRON, a Honeywell TotalPlant Application Center. Hurd noted that Profimatics' offerings will complement those of ICOTRON and added that plans are being formulated to best leverage Honeywell's expanded advanced control capabilities.
 Executives of Profimatics, including Pelham, and its vice president of operations, Jack Davis, will remain with the company and play major roles in its integration into Honeywell, Hurd said. In addition, Honeywell expects to retain all of Profimatics' approximately 60 employees in the United States and Europe.
 Profimatics is the second Honeywell Industrial Automation and Control acquisition in recent months aimed at strengthening the Honeywell's TotalPlant portfolio. Honeywell in May acquired Honeywell Allied Data Communications, an Atlanta company specializing in network services.
 In addition, Honeywell recently formed alliances with Dresser Industries, aimed at joint development of "smart" control valves and with Consilium Inc. for the development of a Manufacturing Execution and Control system.
 Honeywell is a global controls company providing products, systems and services that increase comfort, environmental protection, energy conservation, productivity and safety in homes and buildings, industry and aviation and space. The company employs 52,000 people in 95 countries on six continents and had 1993 sales of $6 billion.
 -0- 6/13/94
 /CONTACT: Dan Sussman of Honeywell, 602-863-5144/
 (HON)


CO: Honeywell Inc.; Profimatics, Inc. ST: Minnesota IN: SU: TNM

CP -- MN019 -- 6128 06/13/94 18:54 EDT
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Date:Jun 13, 1994
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