<ARTICLE> 5
<LEGEND> This schedule contains restated<F1> summary financial information
extracted from the unaudited financial statements of Applied Power Inc. for the
six month period ended February 28, 1997 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                         AUG-31-1997
<PERIOD-END>                              FEB-28-1997
<CASH>                                         11,278
<SECURITIES>                                        0               
<RECEIVABLES>                                 106,954      
<ALLOWANCES>                                    4,581      
<INVENTORY>                                   158,029      
<CURRENT-ASSETS>                              292,308       
<PP&E>                                        275,678      
<DEPRECIATION>                                148,418      
<TOTAL-ASSETS>                                613,546      
<CURRENT-LIABILITIES>                         126,158      
<BONDS>                                       171,871      
<PREFERRED-MANDATORY>                               0      
<PREFERRED>                                         0      
<COMMON>                                        2,920      
<OTHER-SE>                                    273,496      
<TOTAL-LIABILITY-AND-EQUITY>                  613,546      
<SALES>                                       418,317       
<TOTAL-REVENUES>                              418,317      
<CGS>                                         261,118               
<TOTAL-COSTS>                                 261,118       
<OTHER-EXPENSES>                                    0      
<LOSS-PROVISION>                                    0      
<INTEREST-EXPENSE>                              7,881      
<INCOME-PRETAX>                                41,327      
<INCOME-TAX>                                   14,794      
<INCOME-CONTINUING>                            26,533      
<DISCONTINUED>                                      0       
<EXTRAORDINARY>                                     0      
<CHANGES>                                           0       
<NET-INCOME>                                   26,533      
<EPS-PRIMARY>                                     .71      
<EPS-DILUTED>                                     .68      
        
<FN>
<F1> As restated to reflect the merger with ZERO Corporation which was 
     accounted for as a pooling of interests.
</FN>