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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): August 29, 2008</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>APPLIED INDUSTRIAL TECHNOLOGIES, INC.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

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    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
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    <TD width="32%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>OHIO</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>1-2299</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>34-0117420</B></TD>
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<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
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    <TD width="49%">&nbsp;</TD>
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    <TD width="49%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>One Applied Plaza, Cleveland, Ohio <BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>44115</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(216) 426-4000.</B>


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<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
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<P align="left" style="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="left" style="font-size: 10pt">ITEM 2.01. COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.


<P align="left" style="font-size: 10pt; text-indent: 3%">On August&nbsp;29, 2008, Applied Industrial Technologies, Inc. (&#147;Applied&#148;) completed its previously announced
acquisition of substantially all of the assets of the following companies (the &#147;Sellers&#148;): Fluid Power Resource, LLC;
Bay Advanced Technologies, LLC; Carolina Fluid Components, LLC; DTS Fluid Power, LLC; FluidTech, LLC; Hughes-HiTech,
LLC; Hydro Air, LLC; H.E.B., LLC; and Mach V, Inc.


<P align="left" style="font-size: 10pt; text-indent: 3%">Applied acquired substantially all of the assets and certain specified liabilities of the Sellers for an aggregate
cash purchase price paid at the closing of $166&nbsp;million, plus the assumed liabilities described in the Asset Purchase
Agreement dated as of July&nbsp;14, 2008.


<P align="left" style="font-size: 10pt; text-indent: 3%">The final purchase price, reduced by $3&nbsp;million from the amount previously announced, was funded with existing
cash balances of $62&nbsp;million and financing through an established bank credit facility of $104&nbsp;million.


<P align="left" style="font-size: 10pt; text-indent: 3%">The new businesses increase Applied&#146;s capabilities in the following areas: fluid power system integration;
manifold design, machining, and assembly; and the integration of hydraulics with electronics for complete machine
design. The acquisition adds 19 locations to Applied&#146;s fluid power business group.


<P align="left" style="font-size: 10pt">ITEM 8.01. OTHER EVENTS.


<P align="left" style="font-size: 10pt; text-indent: 2%">With the acquisition completed, Applied also increased its fiscal year sales and earnings guidance, as described
in the news release issued on August&nbsp;29, 2008, and attached hereto as Exhibit&nbsp;99.1. The Exhibit is being furnished and
shall not be deemed &#147;filed&#148; for purposes of Section&nbsp;18 of the Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;) or
otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933 or the Exchange Act.


<P align="left" style="font-size: 10pt">ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.


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    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Financial Statements of Businesses Acquired.</TD>
</TR>

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<P align="left" style="margin-left:8%; font-size: 10pt">Financial statements of the businesses acquired will be filed by amendment to this Current Report no
later than 71 calendar days following the date that this Report is required to be filed.

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2
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    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pro Forma Financial Information.</TD>
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<P align="left" style="margin-left:8%; font-size: 10pt">Pro forma financial information will be filed by amendment to this Current Report no later than 71
calendar days following the date that this Report is required to be filed.


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    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(d)</TD>
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    <TD>Exhibits.</TD>
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    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">99.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#150; News release of Applied Industrial Technologies, Inc. dated August&nbsp;29,
2008.</TD>
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<P align="center" style="font-size: 10pt"><U>SIGNATURE</U>



<P align="left" style="font-size: 10pt; text-indent: 4%">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to
be signed on its behalf by the undersigned, thereunto duly authorized.


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    <TD>APPLIED INDUSTRIAL TECHNOLOGIES, INC.<BR>(Registrant)</TD>
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    <TD width="43%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>By: <U>/s/ Fred D. Bauer</U><BR>Fred D. Bauer<BR>
Vice President-General Counsel<BR>
&#038; Secretary</TD>
</TR>

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<P align="left" style="font-size: 10pt">Date: September&nbsp;4, 2008

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<P align="center" style="font-size: 10pt">EXHIBIT INDEX


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    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">News release of Applied Industrial Technologies, Inc. dated
August&nbsp;29, 2008</TD>
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{"company-data": {"conformed-name": "APPLIED INDUSTRIAL TECHNOLOGIES INC", "cik": "0000109563", "assigned-sic": "5080", "irs-number": "340117420", "state-of-incorporation": "OH", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-02299", "film-number": "081057710"}, "business-address": {"street1": "ONE APPLIED PLAZA", "city": "CLEVELAND", "state": "OH", "zip": "44115-5056", "phone": "216-426-4753"}, "mail-address": {"street1": "ONE APPLIED PLAZA", "city": "CLEVELAND", "state": "OH", "zip": "44115-5056"}, "former-company": [{"former-conformed-name": "BEARINGS INC /OH/", "date-changed": "19920703"}, {"former-conformed-name": "BROWN JIM STORES INC", "date-changed": "19600201"}]}
Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 29, 2008
APPLIED INDUSTRIAL TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
OHIO
1-2299
34-0117420
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
One Applied Plaza, Cleveland, Ohio
44115
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(216) 426-4000.
(Former name or former address if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 2.01. COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
On August 29, 2008, Applied Industrial Technologies, Inc. ("Applied") completed its previously announced
acquisition of substantially all of the assets of the following companies (the "Sellers"): Fluid Power Resource, LLC;
Bay Advanced Technologies, LLC; Carolina Fluid Components, LLC; DTS Fluid Power, LLC; FluidTech, LLC; Hughes-HiTech,
LLC; Hydro Air, LLC; H.E.B., LLC; and Mach V, Inc.
Applied acquired substantially all of the assets and certain specified liabilities of the Sellers for an aggregate
cash purchase price paid at the closing of $166 million, plus the assumed liabilities described in the Asset Purchase
Agreement dated as of July 14, 2008.
The final purchase price, reduced by $3 million from the amount previously announced, was funded with existing
cash balances of $62 million and financing through an established bank credit facility of $104 million.
The new businesses increase Applied's capabilities in the following areas: fluid power system integration;
manifold design, machining, and assembly; and the integration of hydraulics with electronics for complete machine
design. The acquisition adds 19 locations to Applied's fluid power business group.
ITEM 8.01. OTHER EVENTS.
With the acquisition completed, Applied also increased its fiscal year sales and earnings guidance, as described
in the news release issued on August 29, 2008, and attached hereto as Exhibit 99.1. The Exhibit is being furnished and
shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or
otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933 or the Exchange Act.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(a)
Financial Statements of Businesses Acquired.
Financial statements of the businesses acquired will be filed by amendment to this Current Report no
later than 71 calendar days following the date that this Report is required to be filed.
(b)
Pro Forma Financial Information.
Pro forma financial information will be filed by amendment to this Current Report no later than 71
calendar days following the date that this Report is required to be filed.
(d)
Exhibits.
99.1
– News release of Applied Industrial Technologies, Inc. dated August 29,
2008.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to
be signed on its behalf by the undersigned, thereunto duly authorized.
APPLIED INDUSTRIAL TECHNOLOGIES, INC.
(Registrant)
By:
/s/ Fred D. Bauer
Fred D. Bauer
Vice President-General Counsel
& Secretary
Date: September 4, 2008
EXHIBIT INDEX
Exhibit No.
Description
99.1
News release of Applied Industrial Technologies, Inc. dated
August 29, 2008