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APPLIED POWER SUBSIDIARY SETTLES GSA DISPUTE

APPLIED POWER SUBSIDIARY SETTLES GSA DISPUTE
 MILWAUKEE, Sept. 30 /PRNewswire/ -- Applied Power Inc. (NYSE: APW) announced today that its subsidiary, Wright Line Inc., has settled its contract dispute with the General Services Administration. The dispute involved a General Services Administration contract covering a period prior to the acquisition of Wright Line by Applied Power.
 Wright Line vigorously denied the government's assertions but agreed to a settlement to avoid protracted legal proceedings and to put the matter to rest. Under the settlement agreement, Wright Line will pay a total of $3,606,000 to settle the outstanding contractual claims.
 Applied Power has previously announced the discontinuance of its Wright Line business and a resulting charge to its earnings. The previously announced charge to its earnings included a reserve for the settlement of the General Services Administration contract dispute, and, accordingly, the settlement agreement will have no additional effect on Applied Power's earnings.
 Applied Power is a world leader in industrial motion and position control applications and a pioneer in the marriage of hydraulic and vibration technologies with electronics. The company is comprised of two business groups. The Engineered Solutions Group includes the Barry Controls and Power-Packer/APITECH businesses that market customized products and systems primarily to original equipment manufacturers. The Distributed Products Group includes the Enerpac and GB Electrical businesses that consist of standard products which are marketed to end users primarily through independent distributors. Non-U.S. activities account for 45 percent of overall revenues.
 -0- 09/30/92
 CONTACT: David L. Harbert, senior vice president and CFO of Applied Power, 414-781-6600 or Nick Biro or Jim Tolan of O'Connor Biro & Associates, 708-498-2284, for Applied Power
 (APW) CO: APPLIED POWER INC. ST: WI -- NY096 -- X748 09/30/92
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Publication:PR Newswire
Date:Sep 30, 1992
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