Exhibit 99.1

Applied Power Inc. Commences Debt
Tender Offer and Consent Solicitation

WAUKESHA, Wis.--(BUSINESS WIRE)--June 30, 2000--Applied Power Inc. (NYSE:
APW-news) announced today that it has commenced an offer to purchase and consent
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solicitation for its $200,000,000 aggregate principal amount, 8.75% Senior
Subordinated Notes, due 2009 (the "Notes").

The terms and conditions of the tender offer are set forth in the Offer to
Purchase and Consent Solicitation Statement dated June 30, 2000 and related
Letter of Transmittal and Consent. The tender offer will expire at 12:00
midnight, New York City Time, on July 28, 2000, unless extended.

In conjunction with the tender offer, Applied Power is soliciting consents to
certain proposed amendments to the indenture governing the Notes that would (i)
permit certain transactions to be consummated by Applied Power, including the
distribution of all of the outstanding common shares of APW Ltd., a subsidiary
of Applied Power, to the shareholders of Applied Power (the "Distribution") and
(ii) eliminate substantially all of the restrictive covenants. Adoption of the
proposed amendments requires the consent of holders of not less than a majority
of the aggregate principal amount of the Notes. Holders who tender their Notes
will be required to consent to the proposed amendments.

For holders who tender their Notes and give their consent at or prior to the
consent payment deadline of 5:00 PM., New York City Time, on July 14, 2000,
unless extended, the tender offer purchase price will include a consent payment
of $20 per $1,000 principal amount of the Notes. The tender offer purchase price
(including the consent payment) per $1,000 principal amount of Notes will be
calculated in a manner intended to result in a price on the Settlement Date
equivalent to a yield to the first date on which the Notes may be redeemed at
the option of Applied Power (April 1, 2004) equal to the sum of (x) the yield to
maturity based on the bid side price, as reported by the Bloomberg Government
Pricing monitor at 2:00 PM., New York City Time, on the second business day
preceding the date on which the tender offer expires, of the U.S. Treasury 5
1/4% Bond due May 2004, and (y) 75 basis points.

Closing of the tender offer is conditioned upon Allied Power and its affiliates
obtaining financing satisfactory to Applied Power and sufficient to fund the
consideration payable in connection with the tender offer and the consent
solicitation, the consummation of the Distribution, the receipt of the required
contents from the holders of Notes and certain other conditions described in the
Offer to Goldman, Sachs & Co. are acting as the dealer managers and D.F. King &
Co., Inc. is acting as information agent in connection with the tender offer.
The depository for the tender offer is Bank One Trust Company, N.A. Copies of
the Offers to Purchase and Consent Solicitation Statements and additional
information concerning the terms of the tender offer may be obtained by
contacting D.F. King & Co., Inc. at (212) 269-5550 (Banks and Brokers) or
(800) 207-2014 (Others) and Goldman, Sachs & Co. at (877) 686-5059 (toll free)
or (212) 357-380 (collect).

About Applied Power Inc.

Applied Power Inc., headquartered in Waukesha, Wisconsin, is a global company
comprised of two business segments. Electronics supplied electronic enclosures,
power supplies, thermal systems, backplanes, and cabling either as products or
integrated as a system supplied along with new product design, supply chain
management, assembly and test services. Industrial is composed of standard and
customized OEM products sold to a wide array of end users through distribution
or directly into a variety of niche markets.

     For further information contact:
     Applied Power Inc.
     Sun Hrobar, Vice President
     262-523-7600
     www.apwl.com
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Safe Harbor Statement

Certain of the above comments represent forward-looking statements made pursuant
to the provisions of the Private Securities Litigation Reform Act of 1995.
Management cautions that these projections are based on current estimates of
future performance and are highly dependent upon a variety of factors, which
could cause actual results to differ from these estimates. Applied Power's
results are also subject to general economic conditions, continued market
acceptance of the Company's new product introductions, the successful
integration of recent acquisitions, operating margin risk due to competitive
pricing, foreign currency fluctuations and interest rate risk.
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