We buy surplus in bulk. Click here to get a free valuation.

Surplus Machinery

Hoyer Comet N210 CMN211201 400 VOLTS 50 HERTZ | Cup/Tub Filling Lines

  • Machinery Dimensions: 21161.42 x 5905.51 x 8858.27 ft
  • Model: Comet N210
  • Serial Number: CMN211201
  • Manufacturer Name: Hoyer
  • Voltage: 400 VOLTS
  • Machinery Weight: 11023.00 lb
  • Year: 2001
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Hungary

We buy Hoyer Comet N210 CMN211201 400 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Leo LTA-330A | Wafer Thickness Measurement

  • Model: LTA-330A
  • Manufacturer Name: Leo
  • Machinery Dimensions: 48 x 48 x 60 IN
  • Year: 1991
  • Machinery Weight: 500 LBS
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: East Asia/Pacific

We buy Leo LTA-330A in bulk. Click here to get a free valuation.

OK Packing System bv SUPERFORMER 1M 4/60 BAR 400 VOLTS 50 HERTZ no AMPS | Case Erectors

  • Machinery Dimensions: 122.05 x 51.97 x 62.99 in
  • Case Size Finished: Min case size 200 x 150 x75 mm Max case size 450 x 350 x 400 mm
  • Case Size Flat: no
  • Air Requirements: 4/60 BAR
  • Model: SUPERFORMER 1M
  • Manufacturer Name: OK Packing System bv
  • Current: no AMPS
  • Type of Forming: BOTTOM
  • Bottom Sealing: TAPE
  • Year: 2000
  • Voltage: 400 VOLTS
  • Machinery Weight: 2204.60 lb
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy OK Packing System bv SUPERFORMER 1M 4/60 BAR 400 VOLTS 50 HERTZ no AMPS in bulk. Click here to get a free valuation.

Zaizer xxxxxx 220/440 VOLTS STAINLESS STEEL | Conveyors

  • Machinery Dimensions: 32 x 1 x 80 FT
  • Type of Conveyor Belt: Sorter
  • Model: xxxxxx
  • Manufacturer Name: Zaizer
  • Voltage: 220/440 VOLTS
  • Type of Feet: ADJUSTABLE
  • Portable: YES
  • Type of Conveyors: INCLINE ELEVATOR CONVEYOR
  • Phase: 3+1
  • Machinery Weight: 8818.40 lb
  • Material of Construction: STAINLESS STEEL
  • Year: 2013
  • Recommended Packaging Form: CUSTOM
  • Located in: North America

We buy Zaizer xxxxxx 220/440 VOLTS STAINLESS STEEL in bulk. Click here to get a free valuation.

De Lama STAINLESS STEEL 264.26 gal 6.2 BAR | Reactors

  • Internal Temperature Rating: 20 DEG C
  • Internal Pressure Rating: 6.2 BAR
  • Capacity of Reactor: 264.26 gal
  • Manufacturer Name: De Lama
  • Grade of Stainless Steel: 304
  • Machinery Dimensions: 39.37 x 39.37 x 89.76 in
  • Machinery Weight: 992.07 lb
  • Agitator Location: TOP
  • Agitation: YES
  • Reactor Material of Construction: STAINLESS STEEL
  • Located in: Europe

We buy De Lama STAINLESS STEEL 264.26 gal 6.2 BAR in bulk. Click here to get a free valuation.

Tecnotok TKT 30000 | Balers

  • Machinery Weight: 2733.70 lb
  • Machinery Dimensions: 500.00 x 59.06 x 94.49 in
  • Model: TKT 30000
  • Auto Tie: YES
  • Vertical: YES
  • Manufacturer Name: Tecnotok
  • Located in: Brazil

We buy Tecnotok TKT 30000 in bulk. Click here to get a free valuation.

Cap Coder CC560 208 VOLTS 60 HERTZ | Retorquers

  • Machinery Dimensions: 48 x 37 x 78 IN
  • Model: CC560
  • Manufacturer Name: Cap Coder
  • Machinery Weight: 1500 LBS
  • Voltage: 208 VOLTS
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: North America

We buy Cap Coder CC560 208 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Manzini SM 240 Piston Pump with separate auger and control panel 16060225 60 HERTZ STAINLESS STEEL 3 IN 3 IN 240 VOLTS | Piston Pumps

  • Machinery Dimensions: 38 x 18 x 50 IN
  • Capacity Speed: 3400 - 6300 GPH
  • Serial Number: 16060225
  • Model: SM 240 Piston Pump with separate auger and control panel
  • Manufacturer Name: Manzini
  • Inlet Size: 3 IN
  • Outlet Size: 3 IN
  • Voltage: 240 VOLTS
  • Year: 2016
  • Machinery Weight: 500 LBS
  • Material of Construction: STAINLESS STEEL
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: CA, USA

We buy Manzini SM 240 Piston Pump with separate auger and control panel 16060225 60 HERTZ STAINLESS STEEL 3 IN 3 IN 240 VOLTS in bulk. Click here to get a free valuation.

Famar thermoforming | Thermoformers and Trim Presses

  • Machinery Dimensions: 35.43 x 82.68 x 433.07 in
  • Model: thermoforming
  • Manufacturer Name: Famar
  • Machinery Weight: 2204.60 lb
  • Located in: Europe

We buy Famar thermoforming in bulk. Click here to get a free valuation.

MVG 8000304 22569/91116 STAINLESS STEEL 380 VOLTS 50 HERTZ | Vacuum Ovens

  • Machinery Dimensions: 39.37 x 64.96 x 80.71 in
  • Number of Shelves: 5
  • Temperature Range: 95 DEG C
  • Model: 8000304
  • Serial Number: 22569/91116
  • Manufacturer Name: MVG
  • Year: 1991
  • Voltage: 380 VOLTS
  • Machinery Weight: 1102.30 lb
  • Material of Construction: STAINLESS STEEL
  • Frequency: 50 HERTZ
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Wales, United Kingdom

We buy MVG 8000304 22569/91116 STAINLESS STEEL 380 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Muller VME-700 | Mixers

  • Machinery Dimensions: 59.06 x 98.43 x 196.85 in
  • Model: VME-700
  • Manufacturer Name: Muller
  • Machinery Weight: 5952.42 lb
  • Type of mixer: LABORATORY
  • Year: 1987
  • Located in: Europe

We buy Muller VME-700 in bulk. Click here to get a free valuation.

Fuji 50/60 HERTZ | Flow Wrappers

  • Machinery Dimensions: 59.06 x 39.37 x 59.06 in
  • Manufacturer Name: Fuji
  • Machinery Weight: 1322.76 lb
  • Frequency: 50/60 HERTZ
  • Located in: Europe

We buy Fuji 50/60 HERTZ in bulk. Click here to get a free valuation.

Distek 7100 7101318 115 VOLTS 50/60 HERTZ 15.00 AMPS | Dissolution Systems

  • Machinery Dimensions: 39 x 19 x 35 IN
  • Current: 15.00 AMPS
  • Number of Stations: 7
  • Model: 7100
  • Serial Number: 7101318
  • Manufacturer Name: Distek
  • Machinery Weight: 90 LBS
  • Voltage: 115 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Recommended Packaging Form: PALLET
  • Located in: MA, USA

We buy Distek 7100 7101318 115 VOLTS 50/60 HERTZ 15.00 AMPS in bulk. Click here to get a free valuation.

Trane CSAA035UAJ00 K14C22523 35 TONS 480 VOLTS 60 HERTZ | Air Handlers

  • Machinery Dimensions: 288 x 72 x 72 IN
  • Model: CSAA035UAJ00
  • Serial Number: K14C22523
  • Manufacturer Name: Trane
  • Machinery Weight: 5500 LBS
  • Capacity Size: 35 TONS
  • Year: 2014
  • Recommended Packaging Form: CUSTOM
  • Voltage: 480 VOLTS
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: PR, USA

We buy Trane CSAA035UAJ00 K14C22523 35 TONS 480 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

WATERS Alliance 486 | HPLC

  • Model: 486
  • Manufacturer Name: WATERS Alliance
  • Located in: North America

We buy WATERS Alliance 486 in bulk. Click here to get a free valuation.

Fortinet FG-500D FGT5HD3915805623,LRM1942422M,LRM1942422M 100-240 VOLTS 50/60 HERTZ 4-2 AMPS | IT Equipment

  • Machinery Dimensions: 19 x 14 x 2 IN
  • Current: 4-2 AMPS
  • Model: FG-500D
  • Serial Number: FGT5HD3915805623,LRM1942422M,LRM1942422M
  • Manufacturer Name: Fortinet
  • Machinery Weight: 12 LBS
  • Recommended Packaging Form: 20C (28X20X20)
  • Voltage: 100-240 VOLTS
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: CA, USA

We buy Fortinet FG-500D FGT5HD3915805623,LRM1942422M,LRM1942422M 100-240 VOLTS 50/60 HERTZ 4-2 AMPS in bulk. Click here to get a free valuation.

Domino A200 INK JET | Printing or Code Markers

  • Machinery Dimensions: 23.62 x 13.78 x 31.50 in
  • Model: A200
  • Manufacturer Name: Domino
  • Machinery Weight: 79.37 lb
  • Method of Code Dater: INK JET
  • Located in: ParanĂ¡ (PR), Brazil

We buy Domino A200 INK JET in bulk. Click here to get a free valuation.

Urania Engineering 3500 P 0407042835 110-120 VOLTS 50/60 HERTZ 10 AMPS | Induction Sealers

  • Serial Number: 0407042835
  • Machinery Dimensions: 31 x 56 x 65 IN
  • Model: 3500 P
  • Voltage: 110-120 VOLTS
  • Manufacturer Name: Urania Engineering
  • Current: 10 AMPS
  • Machinery Weight: 300 LBS
  • Frequency: 50/60 HERTZ
  • CE Marked: NO
  • Phase: 1
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: FL, USA

We buy Urania Engineering 3500 P 0407042835 110-120 VOLTS 50/60 HERTZ 10 AMPS in bulk. Click here to get a free valuation.

Treif ZEBRA-CE 400 VOLTS 50 HERTZ STAINLESS STEEL | Meat/Cheese Slicers

  • Machinery Dimensions: 39.37 x 55.12 x 62.99 in
  • Blade Type: Double
  • Model: ZEBRA-CE
  • Manufacturer Name: Treif
  • Machinery Weight: 1763.68 lb
  • Year: 2003
  • Voltage: 400 VOLTS
  • Material of Construction: STAINLESS STEEL
  • Year: 2007
  • Frequency: 50 HERTZ
  • Phase: 3
  • Located in: Europe

We buy Treif ZEBRA-CE 400 VOLTS 50 HERTZ STAINLESS STEEL in bulk. Click here to get a free valuation.

Aczet Pvt.Ltd. CZ 153 | Balances

  • Model: CZ 153
  • Manufacturer Name: Aczet Pvt.Ltd.
  • Located in: North America

We buy Aczet Pvt.Ltd. CZ 153 in bulk. Click here to get a free valuation.

Roach Conveyors 796RB 529511-1 120 VOLTS 60 HERTZ 15 AMPS N/A BAR CARBON STEEL 42 IN N/A IN N/A IN BELT CONVEYOR | Conveyors

  • Screw Length: N/A IN
  • Screw Diameter: N/A IN
  • Serial Number: 529511-1
  • Machinery Dimensions: 540 x 45 x 48 IN
  • Type of Conveyor Belt: Nitrile
  • Belt Size: 42 IN
  • Model: 796RB
  • Manufacturer Name: Roach Conveyors
  • Air Requirements: n/a BAR
  • Drive Horsepower: 1
  • Guide Rails: NO
  • Type of Feet: ADJUSTABLE
  • Portable: YES
  • Type of Conveyors: BELT CONVEYOR
  • Year: 2014
  • Machinery Weight: 5000 LBS
  • Current: 15 AMPS
  • Material of Construction: CARBON STEEL
  • CE Marked: NO
  • Phase: 1
  • Voltage: 120 VOLTS
  • Frequency: 60 HERTZ
  • Located in: OH, USA

We buy Roach Conveyors 796RB 529511-1 120 VOLTS 60 HERTZ 15 AMPS N/A BAR CARBON STEEL 42 IN N/A IN N/A IN BELT CONVEYOR in bulk. Click here to get a free valuation.

Rudolf Deckert AVM 730 4200 BPH 8 BAR 380 VOLTS | Cappers

  • Machinery Dimensions: 118.11 x 57.87 x 86.61 in
  • Model: AVM 730
  • Manufacturer Name: Rudolf Deckert
  • Capacity Speed: 4200 BPH
  • Air Requirements: 8 BAR
  • Frequency: 50
  • Type of Capping: SCREW
  • Type of Capper: ROTARY
  • Year: 1999
  • Voltage: 380 VOLTS
  • Machinery Weight: 2204.60 lb
  • CE Marked: YES
  • Recommended Packaging Form: CUSTOM
  • Phase: 3
  • Located in: Europe

We buy Rudolf Deckert AVM 730 4200 BPH 8 BAR 380 VOLTS in bulk. Click here to get a free valuation.

Messer TDK150 tkb2334 5 TONS 380 VOLTS 50/60 HERTZ 20 AMPS | Recyclers

  • Machinery Dimensions: 43.31 x 82.68 x 94.49 in
  • Serial Number: tkb2334
  • Model: TDK150
  • Manufacturer Name: Messer
  • Machinery Weight: 9259.32 lb
  • Recommended Packaging Form: 12C FOAM
  • Year: 2016
  • Voltage: 380 VOLTS
  • Capacity Size: 5 TONS
  • Frequency: 50/60 HERTZ
  • CE Marked: NO
  • Current: 20 AMPS
  • Phase: 3
  • Located in: Turkey

We buy Messer TDK150 tkb2334 5 TONS 380 VOLTS 50/60 HERTZ 20 AMPS in bulk. Click here to get a free valuation.

Champion UH200B-70 W12642 120-208/230 VOLTS 60 HERTZ | Miscellaneous

  • Machinery Dimensions: 27 x 24 x 34 IN
  • Voltage: 120-208/230 VOLTS
  • Model: UH200B-70
  • Serial Number: W12642
  • Manufacturer Name: Champion
  • Machinery Weight: 250 Pounds
  • Phase: 3
  • Frequency: 60 HERTZ
  • Recommended Packaging Form: PALLET
  • Located in: Forest, VA, USA

We buy Champion UH200B-70 W12642 120-208/230 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Armagard | Computer Equipment

  • Manufacturer Name: Armagard
  • Machinery Dimensions: 22.83 x 22.83 x 59.06 in
  • Machinery Weight: 440.92 lb
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy Armagard in bulk. Click here to get a free valuation.

Anritsu Corporation MT8820C 6201107240 100-120/200-240 VOLTS 50/60 HERTZ 750 VA | Miscellaneous

  • Serial Number: 6201107240
  • Machinery Weight: 46 LBS
  • Current: 750 VA
  • Machinery Dimensions: 23 x 18 x 10 IN
  • Model: MT8820C
  • Manufacturer Name: Anritsu Corporation
  • Voltage: 100-120/200-240 VOLTS
  • Recommended Packaging Form: 24C (28X24X22)
  • CE Marked: YES
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: San Jose, CA, USA

We buy Anritsu Corporation MT8820C 6201107240 100-120/200-240 VOLTS 50/60 HERTZ 750 VA in bulk. Click here to get a free valuation.

Metrohm 7911815 50/60 HERTZ | Titrators

  • Serial Number: 7911815
  • Machinery Dimensions: 3.94 x 3.94 x 7.87 in
  • Manufacturer Name: Metrohm
  • Machinery Weight: 2.20 lb
  • Year: 2012
  • Frequency: 50/60 HERTZ
  • Located in: Basel, Switzerland

We buy Metrohm 7911815 50/60 HERTZ in bulk. Click here to get a free valuation.

CE King SC10 205502 415 VOLTS 50 HERTZ | Slat Counters

  • Machinery Weight: 2067.92 lb
  • Machinery Dimensions: 216.54 x 55.12 x 78.74 in
  • Voltage: 415 VOLTS
  • Container Lanes: SINGLE
  • Model: SC10
  • Serial Number: 205502
  • Manufacturer Name: CE King
  • Frequency: 50 HERTZ
  • CE Marked: YES
  • Phase: 3
  • Located in: Italy

We buy CE King SC10 205502 415 VOLTS 50 HERTZ in bulk. Click here to get a free valuation.

Kliklok KFWD 230 VOLTS 60 HERTZ | Vertical Cartoners

  • Model: KFWD
  • Manufacturer Name: Kliklok
  • Machinery Weight: 0 LBS
  • Machinery Dimensions: 0 x 0 x 0 IN
  • Voltage: 230 VOLTS
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: North America

We buy Kliklok KFWD 230 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Thermo Forma Scientific 3940 114227-3105 208-220 VOLTS 60 HERTZ 15 AMPS | Miscellaneous

  • Machinery Weight: 550 LBS
  • Machinery Dimensions: 49 x 33 x 88 IN
  • Voltage: 208-220 VOLTS
  • Model: 3940
  • Serial Number: 114227-3105
  • Manufacturer Name: Thermo Forma Scientific
  • Current: 15 AMPS
  • Phase: 1
  • Frequency: 60 HERTZ
  • Located in: Mexico, MO, USA

We buy Thermo Forma Scientific 3940 114227-3105 208-220 VOLTS 60 HERTZ 15 AMPS in bulk. Click here to get a free valuation.

Process Solutions OL54 21738L 2000 LBS 460 VOLTS 60 HERTZ | Lifts

  • Serial Number: 21738L
  • Machinery Dimensions: 156 x 29 x 156 IN
  • Model: OL54
  • Type of Lift: BIN OR TOTE
  • Manufacturer Name: Process Solutions
  • Capacity Size: 2000 LBS
  • Current: AMPS
  • Lifting Device: FORK
  • Operation: AUTOMATIC
  • Voltage: 460 VOLTS
  • Machinery Weight: 3000 LBS
  • Year: 2006
  • Phase: 3
  • Frequency: 60 HERTZ
  • Located in: PR, USA

We buy Process Solutions OL54 21738L 2000 LBS 460 VOLTS 60 HERTZ in bulk. Click here to get a free valuation.

Tektronix Inc. TCP312 B016529 | Miscellaneous

  • Machinery Dimensions: 9 x 3 x 2 IN
  • Model: TCP312
  • Serial Number: B016529
  • Manufacturer Name: Tektronix Inc.
  • Machinery Weight: 1 LBS
  • Recommended Packaging Form: 12C (12X12X12)
  • CE Marked: YES
  • Located in: Hillsboro, OR, USA

We buy Tektronix Inc. TCP312 B016529 in bulk. Click here to get a free valuation.

Wesley International SC-775-6CA SC4206 2000 LBS 36 VOLTS | Motorized Carts

  • Serial Number: SC4206
  • Machinery Dimensions: 78 x 32 x 50 IN
  • Model: SC-775-6CA
  • Manufacturer Name: Wesley International
  • Voltage: 36 VOLTS
  • Capacity Size: 2000 LBS
  • Fuel Type: ELECTRIC
  • Year: 2011
  • Machinery Weight: 2000 LBS
  • Located in: MS, USA

We buy Wesley International SC-775-6CA SC4206 2000 LBS 36 VOLTS in bulk. Click here to get a free valuation.

Kalish 60 BPM 110 VOLTS 50/60 HERTZ 1.5 AMPS | Cottoners

  • Machinery Dimensions: 48 x 24 x 48 IN
  • Capacity Speed: 60 BPM
  • Manufacturer Name: Kalish
  • Current: 1.5 AMPS
  • Machinery Weight: 600 LBS
  • Voltage: 110 VOLTS
  • Frequency: 50/60 HERTZ
  • Phase: 1
  • Located in: North America

We buy Kalish 60 BPM 110 VOLTS 50/60 HERTZ 1.5 AMPS in bulk. Click here to get a free valuation.

Ribo VS 5/159 230/400 VOLTS | Filters

  • Machinery Dimensions: 31.50 x 25.59 x 81.10 in
  • Model: VS 5/159
  • Manufacturer Name: Ribo
  • Voltage: 230/400 VOLTS
  • Frequency: 50
  • Machinery Weight: 176.37 lb
  • Year: 2012
  • Recommended Packaging Form: CUSTOM
  • Located in: Europe

We buy Ribo VS 5/159 230/400 VOLTS in bulk. Click here to get a free valuation.

IWN EC20 SP | Washers

  • Machinery Dimensions: 55.12 x 59.06 x 98.43 in
  • Model: EC20 SP
  • Manufacturer Name: IWN
  • Machinery Weight: 1873.91 lb
  • Year: 2011
  • Located in: Europe

We buy IWN EC20 SP in bulk. Click here to get a free valuation.

Leap Technologies ODLITE UV Fiber Optic HD-13D 100-240 VOLTS 50/60 HERTZ | Spectrometers

  • Machinery Weight: 67 LBS
  • Machinery Dimensions: 39 x 18 x 15 IN
  • Serial Number: HD-13D
  • Model: ODLITE UV Fiber Optic
  • Manufacturer Name: Leap Technologies
  • Recommended Packaging Form: 20C (28X20X20)
  • Voltage: 100-240 VOLTS
  • Frequency: 50/60 HERTZ
  • CE Marked: NO
  • Phase: 1
  • Located in: MA, USA

We buy Leap Technologies ODLITE UV Fiber Optic HD-13D 100-240 VOLTS 50/60 HERTZ in bulk. Click here to get a free valuation.

KLA Tencor 2131E | Wafer Analyzer

  • Model: 2131E
  • Manufacturer Name: KLA Tencor
  • Machinery Dimensions: 84 x 60 x 72 IN
  • Machinery Weight: 2500 Pounds
  • Year: 1994
  • Machinery Weight: 2500 LBS
  • Year: 1995
  • Recommended Packaging Form: CUSTOM
  • Located in: East Asia/Pacific

We buy KLA Tencor 2131E in bulk. Click here to get a free valuation.

WATERS Alliance 410 | HPLC

  • Model: 410
  • Manufacturer Name: WATERS Alliance
  • Located in: North America

We buy WATERS Alliance 410 in bulk. Click here to get a free valuation.

Lee Industries, Inc. 55 DP 57513-1 55 GALS STAINLESS STEEL 100 PSI | Miscellaneous

  • Machinery Dimensions: 71 x 36 x 89 IN
  • Country Cert. (Example National Board, CDN, CE Marked): National Board 11570
  • Serial Number: 57513-1
  • Model: 55 DP
  • Capacity of Tank: 55 GALS
  • Jacket Temperature Rating: 338 DEG F
  • Manufacturer Name: Lee Industries, Inc.
  • Jacket Pressure Rating: 100 PSI
  • Machinery Weight: 550 LBS
  • Type of Bottom Head: DISHED
  • Vertical or Horizontal: VERTICAL
  • Jacketed: YES
  • Installation Type: LEGS
  • Type of Top Head: FLAT
  • Tank Material of Construction: STAINLESS STEEL
  • Year: 2009
  • Agitation: NO
  • CE Marked: NO
  • Recommended Packaging Form: CUSTOM PALLET
  • Located in: Forest, VA, USA

We buy Lee Industries, Inc. 55 DP 57513-1 55 GALS STAINLESS STEEL 100 PSI in bulk. Click here to get a free valuation.